Podcasts about commerce ministry

US House Speaker Johnson said a Thursday tax bill floor vote is still realistic.China's Commerce Ministry said US measures on China's advanced chips are typical of unilateral bullying and protectionism.Europe opened mostly lower but now trade mixed, US equity futures are in the red.USD remains out of love, GBP digests hot CPI data, EUR/USD back above 1.13.Bearish bias in play, Gilts lag after hot CPI, USTs await fiscal updates.Energy and gold boosted by reports Israel is preparing a possible strike on Iranian nuclear facilities.Looking ahead, G7 Central Bank and Finance Ministers Meeting, Speakers including ECB's Lagarde, Lane, Nagel & Cipollone, Fed's Barkin & Bowman, Supply from the US, Earnings from Snowflake, Zoom, Target, TJX, VF Corp & Medtronic.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Tariffs on many of China's imports into the United States now stand at 145%; most U.S. imports into China face tariffs of 125%. While President Trump and senior U.S. officials insist a trade deal is within reach, China's Commerce Ministry has stated that it will not engage in talks until U.S. tariffs are lifted. With Trump's trade war threatening to derail the critical relationship, and China casting itself as a stable counterpart to Washington's unpredictability, we talk with Harvard Professor Rana Mitter about what's at stake, and how we got here. Guests: Rana Mitter, S.T. Lee Chair in U.S.-Asia Relations, Harvard Kennedy School Learn more about your ad choices. Visit megaphone.fm/adchoices

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 China Assessing Talks2:30 Hassett Comments3:00 Soybean Stuff4:59 Farm Machinery Slump7:52 Drought Monitor10:58 Export Sales13:01 California Gas Ban?

China says its door is always open for dialogue with the United States on the issue of tariffs. The Chinese Commerce Ministry says U.S. officials have repeatedly expressed willingness to negotiate with China.

Asian stocks edged up and US equity-index futures reversed losses Friday after China said it's evaluating possible US trade talks, boosting optimism that tariff tensions will tamp down. China's Commerce Ministry said in a Friday statement that it had noted senior US officials repeatedly expressing their willingness to talk to Beijing about tariffs, and urged officials in Washington to show "sincerity" towards China. Meanwhile, Japanese shares gained 1.2% on optimistic comments from Japan's chief trade negotiator on their own talks. We get reaction to the day's market headlines from David Finnerty, Bloomberg FX and Rates Strategist in Singapore. Plus - the S&P 500 has gained for eight consecutive days, its longest run since August, amid increased optimism that trade tensions are waning since President Donald Trump announced century-high levies April 2nd. Investors will turn their attention to the US jobs report due Friday, the last piece of significant data this week, after disappointing earnings from Apple Inc. and Amazon Inc. We speak with Bill Adams, Senior Vice President and Chief Economist at Comerica Bank.See omnystudio.com/listener for privacy information.

Hosts: Erin Rider and Marty Carpenter  It seems like all we've been hearing about the past few weeks is related to tariffs. President Trump said earlier this week that the US is in negotiations with China to to come to an agreement... Commerce Ministry spokesperson He Yadong said today that any “claims about the progress of China-U.S. trade negotiations are groundless as trying to catch the wind and have no factual basis.” Erin and Marty break down what this contradiction means. 

Hosts: Erin Rider and Marty Carpenter  China contradicts Trumps negotiation claims  It seems like all we've been hearing about the past few weeks is related to tariffs. President Trump said earlier this week that the US is in negotiations with China to to come to an agreement... Commerce Ministry spokesperson He Yadong said today that any “claims about the progress of China-U.S. trade negotiations are groundless as trying to catch the wind and have no factual basis.” Erin and Marty break down what this contradiction means.    Trump expresses frustration over Russian missile strikes  Russian missiles struck Kyiv early this morning, killing at least eight and injuring dozens of other people. President Trump took to social media to express his frustration with Russia just hours after Trump lashed out at Ukraine President Volodymyr Zelensky. The relationships between the US and both sides of this conflict seem to be deteriorating... so what happens now? Can a cease-fire deal be reached? Erin and Marty look at the last few meetings between the US and Ukraine and Russia and discuss what could happen next.    ActBlue the target of Trump memo  President Donald Trump is expected to sign a presidential memorandum today to focus on stopping foreign contributions in American elections. Federal law prohibits any contributions, donations, expenditures or disbursements either directly or indirectly from foreign nationals and governments in any U.S. election, whether federal, state, or local. The order is expected to specifically target ActBlue, which republicans have long claimed could be exploited by foreign actors. Erin and Marty discuss how this memo is going to affect US elections and campaigns moving forward.    DNC gives Hogg ultimatum over democratic primaries  DNC Chair Ken Martin is expected to announce a proposal to change the party's rules to mandate all DNC officers stay neutral in all democratic primaries. Last week, DNC vice chair David Hogg pledged to spend millions of dollars funding challenges to "asleep-at-the-wheel" democrats in primaries. This division in the DNC has escalated to Hogg saying that he's willing to lose his vice chair position through this process. Erin and Marty break down the next steps the DNC needs to take to get everyone back on the same page.    Medicaid cuts in Utah  Medicaid is one of the biggest line items in both the state and federal budgets—and it’s also a lifeline for more than 400,000 Utahns. As Congress considers major changes to how Medicaid is funded, the stakes are high for hospitals, patients, and the communities they serve. Francis Gibson, President and CEO of the Utah Hospital Association, joins Erin and Marty to talk about what those changes could mean for Utah.    Utah’s national impact with new health initiatives  This week, Utah House Speaker Mike Schultz was in Washington, D.C., where he met with officials from the U.S. Department of Health and Human Services and later with White House staff to talk about Utah’s state-level priorities. On Tuesday, Speaker Schultz also met with independent presidential candidate Robert F. Kennedy Jr. to discuss a new proposal to phase out artificial food dyes in the U.S. It’s part of a bigger national conversation about food safety, consumer transparency, and state leadership. Utah House Speaker Mike Schultz joins the show today to talk about that conversation—and how Utah is leading on some of the country’s toughest issues.    Utah Fits All Scholarship lawsuit update  The Utah Fits All Scholarship program is one of the most talked-about education initiatives in the state—offering families public funds to customize their child’s education. Despite a recent court ruling questioning its constitutionality, the program is moving forward while the state appeals. Erin and Marty discuss what the next steps are for the lawsuit.    Home sales lowest March since 2009  Home sales fell to their lowest annual level for March since 2009. Sales of previously owned homes plunged 5.9 percent from February to an annualized rate of 4 million units (National Association of Realtors). Sales normally trend upwards in March as the spring buying season begins so this is extra concerning. Erin and Mary discuss some of the trends in the housing market and how it could affect Utah homeowners.   

Beijing is calling on Washington to completely abandon what it calls "lose-lose" tariffs. This follows the U.S. government's recent tariff exemptions on smartphones, computers and other goods.

China has urged the United States to cancel its unilateral tariffs as quickly as possible, and get back on track to properly address differences through equal dialogue.中国敦促美方尽快取消单边关税，回到通过平等对话妥善处理分歧的正轨上来。If the US stubbornly pursues its course of a trade war, China will "fight till the end" to defend its legitimate rights and interests, Chinese officials said on Thursday.中国官员周四表示，如果美方一意孤行地打贸易战，中方将“誓死捍卫自身合法权益”。They didn't specify whether Beijing will again raise tariffs on US goods, which now stand at an additional 84 percent, in response to the latest decision by the US on Wednesday to raise the tariff on Chinese imports to 125 percent.中国官员并未具体说明北京是否会再次提高对美商品的关税。目前，美国对华商品的关税已高达84%，以回应美方周三将对华进口商品的关税提高至125%。The China Film Administration said on Thursday evening that the country—the world's second-largest film market—will moderately reduce the imports of US films.中国国家电影局周四晚间表示，作为全球第二大电影市场，中国将适度减少美国电影的进口。"The US government's abuse of tariffs against China will inevitably lead to a further decline in the favorable perception of US films among the Chinese audience," the administration said in an online statement. "We will adhere to the law of the market and respect the choices of the audience, and moderately reduce the number of US films imported."国家电影局发布声明表示：“美国政府滥用关税对华政策，必然导致中国观众对美国电影的好感度进一步下降。我们将遵循市场规律，尊重观众选择，适度减少美国电影的进口数量。”He Yongqian, spokeswoman for the Ministry of Commerce, said at a news conference on Thursday, "Our position is consistent and clear—the door to dialogue is open, but any discussions must be conducted on the basis of mutual respect and equality."中国商务部发言人何永乾周四在新闻发布会上表示：“中方立场是一贯和明确的——对话的大门是敞开的，但任何讨论都必须在相互尊重和平等的基础上进行。”However, she stressed the abuse of pressure, threats and extortion is not the way to engage with China.但她强调，滥用施压、威胁和勒索并非与中国交往之道。"We hope that the two countries will meet each other halfway and work toward resolving differences through dialogue and consultation, guided by the principles of mutual respect, peaceful coexistence and win-win cooperation," she added.她补充道：“我们希望两国相向而行，在相互尊重、和平共处、合作共赢的原则指导下，通过对话协商解决分歧。”She noted that the current bonded policies in the special supervision areas of China's free trade zones will still be applicable for US goods, specifying that taxes will still need to be duly paid once the US goods depart the designated areas and enter the Chinese market for sales.她指出，中国自贸区特殊监管区域内的现行保税政策仍将适用于美国商品，并明确规定美国商品离开指定区域进入中国市场销售后仍需按时缴纳税款。US President Donald Trump said on Wednesday that he was pausing his new tariffs for 90 days except on China.美国总统唐纳德·特朗普周三表示，他将暂停对除中国以外的所有国家征收新关税90天。Trump said on social media that he had "authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10 percent, also effective immediately". He did not specify which countries the pause would apply to, but he was clear that the levies would climb for China.特朗普在社交媒体上表示，他已“授权暂停90天，并在此期间大幅降低10%的对等关税，同样即日生效”。他没有具体说明暂停措施将适用于哪些国家，但他明确表示，对中国的关税将有所提高。Gary Winslett, an assistant political science professor at Middlebury College in Vermont, said: "The 90-day pause is a step in the right direction, but the trade war with China is still bad, the universal 10 percent tariff is even worse, the on-again-off-again approach is bad for investment and jobs, and we further undermined geopolitical leadership with nothing to show for it."佛蒙特州明德学院政治学助理教授加里·温斯莱特表示：“90天的暂停是朝着正确方向迈出的一步，但与中国的贸易战本身依然有害，10%的普遍关税更糟糕，反复无常的政策令投资与就业环境雪上加霜，我们的地缘领导力也在不断被削弱。”Analysts noted that the Trump administration's 10 percent base tariff is still in place, suggesting that more rounds of tariff negotiations are ahead. The White House said that over 70 countries had come forward to negotiate tariffs this week.分析人士指出，特朗普政府10%的基准关税仍然有效，这表明未来还有更多轮关税谈判。白宫表示，本周已有超过70个国家提出就关税进行谈判。Luo Zhenxing, an associate research fellow at the Chinese Academy of Social Sciences' Institute of American Studies, said that the US' selective approach to different countries allows Washington to maintain its image, as removing tariffs across the board could be seen as a setback. In addition, it shows that the Trump administration is using tariffs as a tool and weapon, likely targeting China, Luo added.中国社会科学院美国研究所副研究员罗振兴表示，美国对不同国家采取选择性措施，有助于维护自身形象，因为全面取消关税可能会被视为一种挫败。此外，这也表明特朗普政府正在将关税作为一种工具和武器，可能用于针对中国。Such moves by the US have severely disrupted the global trade system. Regardless of future policy directions, key global trade principles like the WTO's nondiscrimination rule have been significantly undermined, potentially leading to a restructuring of global trade and even global financial systems, Luo said.罗振兴表示，美国的此类举动严重扰乱了全球贸易体系。无论未来的政策走向如何，像世贸组织非歧视性规则这样的关键全球贸易原则都已受到严重破坏，这可能导致全球贸易乃至全球金融体系的重组。Lin Jian, spokesman for the Foreign Ministry, told a news conference on Thursday that China will never allow the international economic and trade rules and the multilateral trading system to be undermined.外交部发言人林剑周四在新闻发布会上表示，中国绝不允许国际经贸规则和多边贸易体制受到破坏。The US is placing its own interests above the legitimate interests of the rest of the world, sacrificing the just interests of all countries to serve its hegemonic ambitions, Lin said, adding that this will inevitably face stronger opposition from the international community.林坚表示，美国将自身利益置于世界其他国家的合法利益之上，为了实现其霸权野心不惜牺牲所有国家的正当利益，这必将遭到国际社会的强烈反对。China and the European Union have recently exchanged views on strengthening economic and trade cooperation in response to US tariff hikes.中国与欧盟近期就加强经贸合作应对美国加征关税交换了意见。The latest move came as Commerce Minister Wang Wentao held a video call on Tuesday with European Commissioner for Trade and Economic Security Maros Sefcovic, during which they discussed various issues, including enhancing China-EU economic and trade cooperation and responses to the US imposition of so-called "reciprocal tariffs", according to a statement released by the Commerce Ministry on Thursday.据中国商务部周四发布的声明，商务部长王文涛周二与欧盟贸易和经济安全委员谢夫乔维奇举行视频通话，就加强中欧经贸合作、应对美国加征所谓“对等关税”等议题进行了讨论。Wang said that under current circumstances, China and the EU jointly upholding the rules-based multilateral trading system and staying committed to trade liberalization and facilitation will "inject more stability and certainty into the global economic and trade landscape".王文涛表示，在当前形势下，中欧共同维护基于规则的多边贸易体制，坚持贸易自由化便利化，将“为全球经贸格局注入更多稳定性和确定性”。According to the statement, the two sides agreed to immediately start negotiations on electric vehicle pricing commitments, and resume the China-EU trade remedy dialogue mechanism.声明称，双方同意立即启动电动汽车价格承诺谈判，并重启中欧贸易救济对话机制。The European Union Chamber of Commerce in China said on Thursday that China has the chance to establish a business environment that can provide the stability and reliability that investors require.中国欧盟商会周四表示，中国有机会建立一个能够为投资者提供所需稳定性和可靠性的营商环境。On the contrary, the US is now rolling back on many of the principles that have underpinned its approach to global trade and investment, which has created unprecedented global economic uncertainty, the chamber said.该商会表示，相比之下，美国目前正在放弃其全球贸易和投资方针的许多原则，这造成了前所未有的全球经济不确定性。retaliationn.报复sanctionn.制裁levyv.征税equal dialogue平等对话hegemonicadj.霸权的multilateral trading system多边贸易体制

China has vowed to take firm and necessary countermeasures in response to the United States' escalating tariff threats, reaffirming its commitment to defending national interests while upholding the stability of the global trade system.中国发誓将采取坚决必要措施，以应对美国不断升级的关税威胁，重申其维护国家利益和维护全球贸易体系稳定的决心。Analysts said that China's move sent a strong signal to the international community of rejecting unilateralism and joining efforts to safeguard multilateral trade rules.分析人士表示，中国此举向国际社会发出强烈信号，表明中国反对单边主义，携手维护多边贸易规则。They noted that Beijing retains ample policy tools to respond, including raising tariffs on US energy and agricultural imports, as well as further expanding export controls on critical minerals such as rare earth elements. These targeted actions are expected to increase pressure on Washington and could pave the way for a return to rational negotiations, they added.他们指出，北京方面拥有充足的政策工具来应对，包括提高对美国能源和农产品进口的关税，以及进一步扩大对稀土元素等关键矿产的出口管制。他们补充说，这些有针对性的行动预计将加大对华盛顿的压力，并可能为恢复理性谈判铺平道路。"China will resolutely take countermeasures to safeguard its rights and interests, should the United States escalate its tariff measures," the Ministry of Commerce said in a statement on Tuesday, hours after the US threatened to impose a further 50 percent tariff on China if Beijing does not withdraw its 34 percent counter-tariff.中国商务部周二在一份声明中表示：“如果美国升级关税措施，中方将坚决采取反制措施，维护自身权益。”此前数小时，美国威胁称，如果北京不撤销已加征的34%反制关税，将对中国进一步加征50%的关税。US President Donald Trump signed an executive order on April 2 regarding the so-called "reciprocal tariffs", imposing a 10 percent "baseline tariff" and higher rates on certain trading partners.美国总统唐纳德·特朗普于4月2日签署了一项关于所谓“对等关税”的行政命令，决定对部分贸易伙伴征收10%的“基准关税”，并提高其税率。Last week, Beijing adopted an array of countermeasures, including an additional 34 percent tariff on US imports, following a decision by the US to impose an additional 34 percent tariff on Chinese imports.上周，继美国决定对中国进口产品加征34%的关税后，北京方面采取了一系列反制措施，包括对美国进口产品加征34%的关税。"The US' tariff escalation threat against China compounds its mistake and further exposes its nature of blackmail, which China will never accept," the ministry said. "China will fight till the end if the US is bent on going down the wrong path."中国商务部表示：“美方对华升级关税威胁加剧了其错误，进一步暴露了其讹诈本质，中方绝不接受。如果美方执意沿着错误的路走下去，中方将坚决斗争到底。”Analysts believe that the set of forceful and targeted countermeasures that Beijing has taken showed that it has ample tools at its disposal, especially against sectors and companies that are priorities for the Trump administration, and where China's dependence is not significant.分析人士认为，北京方面采取的一系列强硬且有针对性的反制措施表明，其拥有充足的反制手段，尤其针对特朗普政府重点关注、而中国对美依赖程度不高的行业和企业。The energy and agricultural sectors that Trump hopes to bolster are also the primary industries in some US states. Intensifying sanctions on these sectors would therefore heighten domestic pressure on the Trump administration, said Luo Zhiheng, chief economist at Yuekai Securities.特朗普希望加强的能源和农业部门，也是美国一些州的主要产业。因此，粤开证券首席经济学家罗志恒表示，加大对这些行业的制裁力度将加剧特朗普政府的国内压力。Luo said that China can consider extending export restrictions to potentially include lighter rare earth elements like lanthanum and cerium, as the US is highly dependent on such Chinese imports.罗志恒表示，中国可以考虑扩大出口限制，可能将镧和铈等较轻的稀土元素也纳入其中，因为美国高度依赖中国进口稀土元素。"The trade war this time is not one that can easily be settled through concessions," Luo said. "China must take firm and resolute countermeasures to defend its interests, which will then compel the US to come back to the negotiating table."“这次的贸易战不是一场能轻易通过让步解决的贸易战，”罗志恒表示，“中国必须采取坚决有力的反制措施，捍卫自身利益，从而迫使美国重返谈判桌。”The US saw widespread protests over the weekend that in part opposed the Trump administration's aggressive tariff policies, which are seen as inflicting real economic pain on households and businesses across the country.上周末，美国爆发了大规模抗议活动，部分原因是抗议特朗普政府激进的关税政策，这些政策被认为给美国各地的家庭和企业带来了实质性经济伤害。Steve Lamar, president and CEO of the American Apparel & Footwear Association, said in a statement last week, "To be clear, tariffs are taxes borne by the American companies that import the goods and the hardworking American families that buy those goods."美国服装和鞋类协会主席兼首席执行官史蒂夫·拉马尔上周在一份声明中表示：“明确地说，关税是由进口商品的美国公司和购买这些商品的辛勤工作的美国家庭承担的税款。”"Tariffs will significantly increase the cost of manufacturing in the US, and, when paired with the retaliatory tariffs that will surely come, will undermine US export opportunities as well," Lamar said.“关税将大幅增加美国制造业的成本，再加上必然会采取的报复性关税，还将损害美国的出口机会。”拉马尔说道。China's potent countermeasures don't mean that a trade war is the only way forward, as Beijing stands ready to talk with Washington.中国的强硬反制措施并不意味着贸易战是唯一的出路，北京随时准备与华盛顿对话。China urges the US to immediately correct its wrongdoing, cancel all unilateral tariff measures against China, stop its economic and trade suppression, and settle differences with China properly through dialogue on an equal footing and on the basis of mutual respect, the Commerce Ministry said.中国商务部表示，中方敦促美方立即纠正错误做法，取消所有针对中国的单边关税措施，停止其经贸打压，并在平等和相互尊重的基础上通过对话妥善解决与中方的分歧。Beijing is not alone in facing the Trump administration's "Liberation Day" tariffs. The White House has dragged its own long-standing allies into the fray, including imposing additional tariffs as high as 20 percent on imports from the European Union, 25 percent on imports from South Korea and 24 percent on imports from Japan.北京并非唯一面临特朗普政府“解放日”关税的国家。白宫将其长期盟友拖入战局，包括对欧盟进口产品征收高达20%的额外关税，对韩国进口产品征收高达25%的额外关税，对日本进口产品征收高达24%的额外关税。"By placing massive and disproportionate tariffs on our friends and our enemies alike and thereby launching a global economic war against the whole world at once, we are in the process of destroying confidence in our country as a trading partner, as a place to do business and as a market to invest capital," said Bill Ackman, a hedge fund titan who endorsed Trump's run for president.支持特朗普竞选总统的对冲基金巨头比尔·阿克曼表示：“通过对我们的朋友和敌人征收巨额且不成比例的关税，从而同时向全世界发动一场全球经济战，我们正在摧毁人们对我国作为贸易伙伴、经商环境和投资市场的信心。”"We will severely damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate," Ackman said in a post on social media platform X.阿克曼在社交媒体平台X上发帖称：“这将严重损害我们在世界其他国家的声誉，需要数年甚至数十年才能恢复。”Ma Guangyuan, a senior economist, said the era of the US calling the shots and forcing countries to choose sides is over, as the US-led trade system is falling apart. However, this does not mean the end of free trade itself, as the global community still recognizes the benefits of open economic cooperation, Ma said.资深经济学家马光远表示，美国发号施令、迫使各国选边站队的时代已经结束，美国主导的贸易体系正在崩溃。然而，这并不意味着自由贸易本身的终结，因为国际社会仍然认同开放经济合作的益处。"Economics will triumph over politics and free trade will overcome hegemony," Ma added. "China can seize this chance to broaden its circle of friends and jointly foster a new trade framework on the foundation of equality, freedom and mutual benefits with other economies."“经济将战胜政治，自由贸易将战胜霸权，”马光远补充道。“中国可以抓住这个机会，扩大‘朋友圈'，与其他经济体共同构建一个在平等、自由、互利基础上的新型贸易框架。”High-ranking officials from Italy, Portugal and France, as well as the European commissioner for trade and economic security, visited China in late March. Around the same time, South Korea and Japan agreed to accelerate negotiations with China on the stalled trilateral free trade agreement.意大利、葡萄牙和法国的高级官员以及欧盟贸易和经济安全事务专员于3月底访华。与此同时，韩国和日本同意加快与中国就陷入僵局的三边自由贸易协定进行谈判。"Our championing of free trade is not just a response to US aggression, but a strategic initiative to guide the development of the multilateral system in a direction that benefits all," said Mei Xinyu, a researcher at the Chinese Academy of International Trade and Economic Cooperation.中国国际贸易经济合作研究院研究员梅新育表示。“中国倡导自由贸易不仅是对美国侵略行为的回应，更是引导多边体系朝着惠及各方方向发展的战略举措，”"The US' blanket, across-the-board imposition of high tariffs this time might end up uniting all the affected economies into a shared marketplace that could potentially dwarf the size of the US market," Mei said.梅新育说：“美国此次全面征收高额关税，最终可能会将所有受影响的经济体联合成一个共享市场，这可能会使美国市场的规模相形见绌。”countermeasuresn.反制措施baseline tariffn.基线关税unilateralismn.单边主义blackmailn.讹诈；威胁disproportionate tariffs不成比例的关税economic coercionn.经济胁迫

S&P futures are pointing to a higher open, up +1.71%, as equity markets rebound following recent volatilities. Asian equities were broadly higher today, led by a +5.6% surge in Japan's Nikkei, while other markets posted more modest gains. European equities are staging recoveries in early trades, with major indices up near +2%. For today's highlight, Trump threatened China with an additional 50% tariff unless Beijing removes its retaliatory levies. China's Commerce Ministry responded, vowing to "fight to the end" if the US escalates further. Companies Mentioned: Marvell Technology, CVS Health

This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain.Today is the 8th of April and here are today's headlines.Nations are taking different stances toward US President Donald Trump's rising tariffs. China has vowed firm retaliation, rejecting Trump's threat of adding 50% more duties unless Beijing backs off its 34% counter-tariff. China's Commerce Ministry pledged strong countermeasures. Japan, in contrast, is opting for diplomacy, preparing to send a trade negotiation team to Washington. Trump confirmed speaking with Japanese Prime Minister Shigeru Ishiba about this move. The contrast highlights a global divide — between confrontation and cautious cooperation — in response to America's increasingly aggressive trade policies.In a landmark ruling, the Supreme Court declared Tamil Nadu Governor R N Ravi's decision to reserve 10 re-passed Bills for Presidential consideration as illegal. The court held that the Governor showed scant respect for judicial precedent and unduly delayed action. Using Article 142, the bench declared that the 10 Bills are deemed to have received assent, overriding the governor's withholding. This rare step sends a strong message about constitutional propriety and reinforces legislative autonomy amid growing tensions between elected governments and appointed constitutional heads.Pandemonium broke out in the Jammu and Kashmir Assembly as NC members demanded discussion on the Waqf Act, which the Speaker had already dismissed through an adjournment motion. Tensions peaked when PDP legislator Waheed-ur-Rehman Para approached the Well of the House, insisting he had filed a fresh resolution. Deputy Chief Minister Surinder Choudhary accused the Chair of silencing opposition voices. Para was marshalled out as disorder continued, highlighting growing friction in the Assembly and the sensitivity surrounding the Waqf Act debate in the politically tense region.Former Odisha CM and BJD chief Naveen Patnaik is facing internal dissent over the party's sudden U-turn on the controversial Waqf Amendment Bill. Despite long-standing opposition to the Bill, the BJD chose not to issue a voting whip, leaving the decision to individual MPs' conscience. The move triggered unrest within the party, reminiscent of a 2002 rebellion when six of its 10 Lok Sabha MPs challenged Patnaik's leadership. With the BJD lacking Lok Sabha representation but wielding influence in the Rajya Sabha, the shift has raised eyebrows.President Trump on Monday claimed the US and Iran are set for direct nuclear talks, but Tehran quickly clarified the dialogue would remain indirect. Iranian Foreign Minister Abbas Araghchi confirmed high-level indirect talks in Oman on Saturday, calling it both an “opportunity and a test.” His remarks came after Trump warned of severe consequences if the negotiations fail. Iran has previously rejected Trump's demand for direct talks under threat of bombing. The announcement revives fragile diplomatic hopes amid deep mistrust and escalating nuclear tension.That's all for today. This was the CatchUp on 3 Things by The Indian Express.

Nitin Gadkari promises a new national toll system within days, Hardeep Singh Puri defends LPG prices, calls India a winner in tariff wars, and top consultants back India's edge in global trade shifts. On market mood: Fund managers bet on equities despite uncertainty, Sunil Singhania urges caution, Prashant Khemka stays bullish. Commerce Ministry mulls incentives to counter US tariff impact, PAG plans Nuvama exit; Sahyadri Hospitals draws interest and tiny Lesotho reels under Trump tariffs, pleads for relief.

Good afternoon, I'm _____ with today's episode of EZ News. Tai-Ex opening The Tai-Ex opened down 167-points this morning from yesterday's close, at 19,064 on turnover of 6.9-billion N-T The market registered its steepest ever daily decline on Monday - as the main board tumbled 2,065 points due to a downturn in investor sentiment following U-S President Donald Trump's tariff actions. It was the first time the index had closed below the 20,000-point mark since August 5 of last year - and out of 1,034 stocks traded on the Tai-Ex a total of 945 fell by the maximum 10-per cent amid concerns that the tariffs could undermine global trade. Stabilization fund could hold special meeting to ease volatility Meanwhile, The Ministry of Finance says the National Financial Stabilization Fund has not ruled out the possibility of convening a special meeting to discuss measures to ease market volatility after U-S tariffs rattled financial markets. According to the finance ministry, the stabilization fund is closely monitoring (監控) market conditions worldwide and could hold a special meeting in a bid to shore up investor confidence and stabilize the local capital market. The stabilization fund is already slated to hold its regular meeting next Monday. The 500-billion N-T stabilization fund was established by the government in 2000 to serve as a buffer against unexpected external factors that might disrupt the local bourse. Presidential citation awarded to late Taiwanese poet Li Kuei-hsien And, A presidential citation has been awarded posthumously to late Taiwanese poet Li Kuei-hsien. Li died on January 15 in Taipei at the age of 85. The award was presented to the poet's son, Li Shih-fei by Culture Minister Li Yuan during a memorial ceremony for his father. The culture minister said Li used poetry, a universal language, to lift the visibility (能見度) of Taiwan literature in the world. Li Kuei-hsien was born in Taipei in 1937 and began writing poems in junior high school. His first published poem was titled "Sakura" and appeared in the magazine Wild Wind in 1953. China Threatens Tariff Countermeasures China has threatened to “resolutely take countermeasures” in response to U.S. President Donald Trump's threat of an additional 50% tariff. The Commerce Ministry statement issued earlier today said the U.S.‘s imposition of “so-called ‘reciprocal tariffs'” on China is “completely groundless (毫無根據的)". China has taken retaliatory tariffs and the ministry hinted more many be coming. US Trump Admin Fights Return of Mistakenly Deported Man The Trump administration has asked the Supreme Court to block a court order requiring it to return a man who was mistakenly deported to a notorious (惡名的) prison in El Salvador. A District Court Judge has given the administration until just before midnight Monday to facilitate (讓…順利進行) Kilmar Abrego Garcia's return to the US. Ira Spitzer reports. That was the I.C.R.T. EZ News, I'm _____. －－－－以下訊息由 SoundOn 動態廣告贊助商提供－－－－ ✨宏匯廣場 歡慶璀璨女王節✨

China's commerce ministry has vowed to fight US tariffs 'to the end' after Donald Trump threatened them with new levies. One ministry spokesperson has labelled these threats a 'mistake on top of a mistake' - and claimed China would not accept this. Infometrics Principal Economist Brad Olsen says this is starting to resemble the beginning of a full-on trade war. LISTEN ABOVESee omnystudio.com/listener for privacy information.

President Donald Trump has threatened an additional new tariff of 50 per cent on China. It'll go into effect if Beijing does not withdraw the 34% tariff it imposed on American products last week. In response, China’s Commerce Ministry said it “resolutely opposes” U.S. President Donald Trump’s threat of escalating tariffs, and vowed to take countermeasures to safeguard its own rights and interests. How much further can the current trade tension further escalate? What will this mean for the rest of the world, and will it tip the global economy into a recession? On The Big Story, Hongbin Jeong speaks to Chong Ja Ian, Associate Professor, Department of Political Science, National University of Singapore, to find out more.See omnystudio.com/listener for privacy information.

China's commerce ministry has vowed to fight US tariffs 'to the end' after Donald Trump threatened them with new levies. One ministry spokesperson has labelled these threats a 'mistake on top of a mistake' - and claimed China would not accept this. Infometrics Principal Economist Brad Olsen says this is starting to resemble the beginning of a full-on trade war. LISTEN ABOVESee omnystudio.com/listener for privacy information.

China fired off a sweeping package of robust countermeasures on Friday—including a 34 percent tariff hike and rare earth export controls—in response to the latest round of sweeping tariffs adopted by the administration of United States President Donald Trump.上周五，中国推出了一系列强有力的反制措施，包括提高34%的关税和稀土出口管制，以回应美国总统唐纳德·特朗普政府采取的最新一轮大规模关税。More forceful and precise counterstrikes are still in Beijing's pocket if Washington persists with its unilateral trade bullying, several sources confirmed to China Daily.据多位消息人士向《中国日报》证实，如果华盛顿方面继续单边贸易霸凌，北京方面仍有可能采取更强力、更精准的反击措施。As approved by the State Council, the country's Cabinet, China will impose an additional 34 percent tariff on all US-origin imports starting on April 10. Simultaneously, the Ministry of Commerce and the General Administration of Customs announced immediate export restrictions on seven key medium to heavy rare earth elements, as China Daily first reported on Thursday.经国务院批准，中国将从4月10日起对所有原产于美国的进口产品征收34%的额外关税。据《中国日报》周四率先报道，商务部和海关总署同时宣布立即对七种关键的中重稀土元素实施出口限制。These elements—samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium—are crucial elements for manufacturing key products used in semiconductor, defense, aerospace and green energy.这些元素——钐、钆、铽、镝、镥、钪和钇——是制造半导体、国防、航空航天和绿色能源所用关键产品的关键元素。Citing their dual-use nature in both military and civilian industries, a spokesman for the Commerce Ministry said: "Imposing export controls on them is a common international practice. As a responsible major country, China's decision to regulate these items reflects its consistent position of firmly safeguarding world peace and regional stability."商务部发言人表示，这些元素涉及军民两用领域，“实施出口管制是国际通行做法。中国作为负责任大国，决定对这些产品实施管制，体现了坚定维护世界和平和地区稳定的一贯立场。”Other measures include filing a lawsuit with the World Trade Organization over the US' "reciprocal tariffs", launching an industry competitiveness investigation and an anti-dumping investigation regarding imported medical CT tubes from the US and India, adding 16 US entities to the export control list and 11 US companies to the unreliable entity list, and canceling import qualifications for certain US companies.其他措施还包括就美国“对等关税”向世界贸易组织提起诉讼、启动产业竞争力调查以及对原产于美国和印度的进口医用CT射线管发起反倾销调查、将16家美国实体列入出口管制名单、将11家美国公司列入不可靠实体名单、取消部分美资企业的进口资格等。Tu Xinquan, dean of the China Institute for WTO Studies at the University of International Business and Economics in Beijing, said that such rapid, intensive and multi-pronged countermeasures are unprecedented in the world's history, proving that China will not sit back amid unilateral bullying tariffs.对外经济贸易大学中国世界贸易组织研究院院长屠新泉表示，如此迅速、密集、多管齐下的反制措施在世界历史上前所未有，表明中国不会坐视单边霸凌关税的威胁。"This isn't just tit-for-tat. These countermeasures, including both tariff and nontariff measures, aim to directly hit the weak spots of the US to make it feel the real pain," said Tu.“这不仅仅是针锋相对，这些包括关税和非关税措施的反制措施，都是要直击美国的薄弱环节，让其真正感受到痛点。”屠新泉说。Bai Ming, a researcher at the Chinese Academy of International Trade and Economic Cooperation, said that China, as the world's second-largest economy, has taken the lead in resisting US trade protectionism.中国商务部国际贸易经济合作研究院研究员白明表示，中国作为世界第二大经济体，在抵制美国贸易保护主义方面走在了前列。"These countermeasures are not only to protect China's own interests, but also to safeguard the stable operation of the global trading system," he emphasized.“这些反制措施不仅是为了维护中国自身的利益，也是为了维护全球贸易体系的稳定运行。”他强调。The State Administration for Market Regulation, China's top market regulator, also announced on Friday night that it has launched an investigation into DuPont China, a subsidiary of the US company DuPont, for suspected monopolisticpractices in violation of China's Anti-Monopoly Law.中国国家市场监督管理总局周五晚间宣布，已对美国杜邦公司旗下的杜邦中国有限公司展开调查，理由是其涉嫌违反中国《反垄断法》的垄断行为。All of the moves came after China, a major trading partner of the US, was hit with a 34 percent so-called reciprocal tariff by the Trump administration on Wednesday, in addition to a 20 percent tariff imposed earlier this year.这一系列举措是在中国这一美国主要贸易伙伴遭到特朗普政府周三加征所谓34%的“对等关税”之后采取的，此前美国已在今年早些时候对中国加征了20%的关税。Further counterstrikes could include tightening export controls on more critical raw materials vital for US high-tech manufacturing, new energy transformation and defense projects, and further escalating the blocking of key technologies used in extracting and processing strategic minerals, said two sources close to the matter, who asked for anonymity.两位要求匿名的知情人士表示，进一步的反击措施可能包括加强对美国高科技制造、新能源转型和国防项目至关重要的原材料的出口管制，并进一步加大对战略矿产开采和加工关键技术的封锁。China accounts for at least 85 percent of rare earth refining, 77 percent of cobalt refining, 82 percent of tungsten production, 80 percent of antimony processing capacity, and 90 percent of the world's synthetic graphite production. These are all critical materials for defense, new energy batteries, semiconductors and advanced manufacturing.中国占全球稀土精炼产能的至少85%，钴精炼产能的77%，钨产量的82%，锑加工产能的80%，以及人造石墨产量的90%。这些都是国防、新能源电池、半导体和先进制造业的关键材料。Beyond nontariff measures, China could still adopt additional tariffs on certain US products, particularly agricultural goods. Having already imposed tariffs on key US farm products, China is weighing further increases, another source added.除了非关税措施外，中国还可能对某些美国产品，特别是农产品征收额外关税。另一位消息人士补充说，中国已经对美国主要农产品征收关税，并正在考虑进一步提高关税。Chen Wenling, former chief economist at the China Center for International Economic Exchanges, said, "China could follow the cases of countries like Canada and levy tariffs on US products in a high range of 250 percent to 390 percent according to different situations."中国国际经济交流中心前首席经济学家陈文玲表示：“中国可以效仿加拿大等国家的做法，根据不同情况对美国产品征收250%至390%的高额关税。”The latest tariff from the Trump administration is provoking a strong global reaction.特朗普政府的最新关税政策引发了全球强烈反应。International Monetary Fund Managing Director Kristalina Georgieva warned that the sweeping tariffs presented "a significant risk to the global outlook at a time of sluggish growth".国际货币基金组织总裁克里斯塔利娜·格奥尔基耶娃警告称，在经济增长乏力的背景下，这种大规模关税举措“给全球前景带来重大风险”。Ngozi Okonjo-Iweala, director-general of the World Trade Organization, expressed deep concern on Thursday over the decline in global trade and the potential for an escalating tariff war sparked by US tariff measures. Iweala said in a statement that the US tariff measures will have "substantial implications for global trade and economic growth prospects".世界贸易组织总干事恩戈齐·奥孔乔-伊维拉周四对全球贸易下滑以及美国关税措施引发关税战升级的可能性表示深切担忧。伊维拉在一份声明中表示，美国关税措施将“对全球贸易和经济增长前景产生重大影响”。Michael Hart, president of the American Chamber of Commerce in China, has said that AmCham China is not in favor of widespread tariffs, and it advocates constructive dialogue and policy predictability to reduce volatility in trade relations.中国美国商会会长迈克尔·哈特表示，中国美国商会不赞成大规模征收关税，主张建设性对话和政策可预测性，以减少贸易关系的波动。Quoting a report from the chamber that more than half of its member companies said they plan to increase investments in China this year, he said that ensuring that businesses can operate competitively and with greater certainty benefits both countries' economies and supports global economic stability.他援引商会的一份报告称，超过一半的会员公司表示计划今年增加对华投资，他说，确保企业能够更具竞争力和确定性地运营，有利于两国经济，并支持全球经济稳定。Oliver Zipse, board chairman of BMW, said: "Economic growth thrives through opening, not closing. The increase of protectionist behavior will not create winners, but will result in a situation where everyone is going to lose prosperity. At BMW, we strongly oppose tariffs or other trade barriers."宝马集团董事长奥利弗·齐普策表示：“经济增长靠的是开放，而不是封闭。保护主义行为的增加不会创造赢家，而会导致所有人都失去繁荣。宝马坚决反对关税或其他贸易壁垒。”unilateraladj.单边的multi-prongedadj.多管齐下的tit-for-tat针锋相对monopolistic practicen.垄断行为trade barrier贸易壁垒

* Israel expands ground invasion in Gaza Israel has announced the launch of a new ground invasion in Gaza, with rescuers saying military attacks had killed many people across the Palestinian territory. Simultaneously, Israel has escalated attacks on Lebanon and Syria, with a strike in south Lebanon, killing a Hamas commander. Defence Minister Israel Katz said that Israel would bolster its military presence inside Gaza to, what he claimed, "destroy and clear the area of terrorists and terrorist infrastructure". * Tens of thousands to attend anti-Trump protests across US Around 200 groups are planning to hold over 1,300 protests against President Donald Trump and Elon Musk on Saturday, marking the largest single-day demonstration of the new Trump administration. The "Hands Off!" anti-Trump protest, organised by progressive groups like Third Act and MoveOn, opposes Trump's alleged "hostile takeover" of the government, economy, and rights, with Musk as a key ally. Key grievances include Trump's tariffs causing a stock market crash, cuts to USAID, government layoffs by Musk's DOGE, and policies seen as anti-immigrant and harmful to the environment and democracy. * China strikes back at Trump with own tariffs China has said it would slap 34 percent tariffs on all imports of US goods from April 10 after Washington imposed steep new levies on Chinese products, vowing "countermeasures" to protect its rights and interests. Beijing's Commerce Ministry also imposed export controls on seven rare earth elements, including gadolinium and yttrium, which is used in consumer electronics. China will also file a lawsuit with the World Trade Organization over tariffs, the ministry said. * Russian strike kills 14 in Ukraine leader's home city A Russian ballistic missile strike on Volodymyr Zelenskyy's home city of Kryvyi Rig has killed 14 people, including six children, the Ukrainian leader said. The missile struck a residential area near a children's playground and wounded more than 50 people, according to the head of the city's military administration. Regional governor said the number of reported casualties was "constantly increasing". * Judge denies government's bid to move Rumeysa Ozturk case to Louisiana A federal judge has denied the Trump administration's attempt to dismiss or transfer Turkish student Rumeysa Ozturk's case to the state of Louisiana, instead ruling that the proceeding will be transferred to Vermont. US District Judge Denise Casper also granted a request to block the government from removing Ozturk from the US while her petition challenging her detention is considered.

China says it opposes Washington's so-called "reciprocal tariffs" and will take countermeasures to safeguard its rights and interests

China encourages foreign businesses to expand investment in sectors including advanced manufacturing, modern services, high-tech industries and energy conservation, further advancing its economic openness and innovation-driven growth, government officials said on Thursday.2月20日，政府官员表示，中国鼓励外资企业在先进制造业、现代服务业、高新技术产业、节能环保等领域扩大投资，进一步推动经济开放和创新驱动发展。Speaking at a news conference in Beijing, they said that China will soon introduce the 2025 edition of its industry catalog encouraging foreign investment. The new catalog will further expand market access for foreign investors in key industrial sectors.在北京举行的新闻发布会上，政府官员表示中国将尽快发布2025年版《鼓励外商投资产业目录》。新版目录将进一步扩大外资在重点产业领域的市场准入。Their remarks came after the State Council, China's Cabinet, issued an action plan on Wednesday aimed at stabilizing foreign investment this year.2月19日，国务院公布《2025年稳外资行动方案》，做好今年年稳外资工作。随后相关部门作出上述回应。As part of the plan, China will lift restrictions on domestic loans for foreign-invested businesses, allowing them to use domestic financing for equity investments. It will also support pilot regions in effectively implementing opening-up policies related to areas such as telecommunications, biotechnology and wholly foreign-owned hospitals, offering comprehensive services to facilitate foreign-invested projects in these sectors.方案提出，中国将取消外商投资性公司使用境内贷款限制，允许外商投资性公司使用境内贷款开展股权投资。支持试点地区抓好增值电信、生物技术、外商独资医院领域开放试点政策宣贯落实，对相关领域外商洽谈项目开展“专班式”跟踪服务。Hua Zhong, head of the department of foreign capital and overseas investment at the National Development and Reform Commission, said the new catalog will reflect China's economic growth trends and industrial advancements.国家发展改革委利用外资和境外投资司负责人华中表示，新版目录将反映中国的经济增长趋势和产业进步。"We will collaborate with other government branches to align with high-standard international economic and trade rules in key areas, including intellectual property protection, industrial subsidies, labor rights and government procurement, ensuring compatibility in regulations, management and standards," Hua said.华中说：“我们将与其他政府部门合作，在产权保护、产业补贴、劳动权益、政府采购等重点领域，与高标准国际经贸规则接轨，确保在法规、管理、标准方面的兼容性。”Wang Xiaohong, a researcher at the China Center for International Economic Exchanges in Beijing, said the new catalog is expected to further attract capital into emerging industries, reinforcing China's position as a global hub for high-tech and green development.北京中国国际经济交流中心研究员王晓红表示，新版目录有望进一步吸引资本流入新兴产业，巩固中国作为全球高科技中心和绿色发展中心的地位。Yao Jun, director of the department of planning at the Ministry of Industry and Information Technology, said the government will actively support entrepreneurs and investors from all countries in innovating and starting businesses in China, encouraging foreign companies to establish research and development centers and collaborate with domestic enterprises.工业和信息化部规划司司长姚珺表示，政府将积极支持各国企业家和投资人来华创新创业，鼓励外资企业在华设立研发中心，并与国内企业开展合作。China will promote foreign participation in digital development, green transition and smart manufacturing, as well as facilitate localization of advanced technologies and solutions, Yao added.姚珺补充说，中国将支持外资企业参与中国制造业的数字化、绿色化和智能化发展进程，加快先进技术和解决方案在中国的落地和应用。Foreign-invested businesses in China play a significant role in the economy, contributing one-seventh of tax revenue, about one-third of foreign trade and half of electromechanical and high-tech product exports, as well as creating nearly 7 percent of employment opportunities, according to data from the Ministry of Commerce.据商务部数据显示，在华外资企业在中国经济中发挥着重要作用，贡献了七分之一的税收、约三分之一的进出口、二分之一的机电产品和高新技术产品的出口，创造了近7%的就业机会。To date, foreign investment in China spans 20 industrial categories and 115 major sectors. In the manufacturing sector alone, foreign capital is present in 31 major categories and 548 subcategories.截至目前，外商在华投资已覆盖了20个行业门类、115个行业大类。仅在制造业领域，就有31个大类和548个小类都有外商投资。To further enhance national treatment for foreign-invested enterprises, Ling Ji, vice-minister of commerce and deputy China international trade representative, said the country is actively revising its Government Procurement Law and exploring specific standards for "domestic production" by foreign companies in this area.商务部副部长兼国际贸易谈判副代表凌激表示，为进一步提升外资企业的国民待遇，中国正积极推进政府采购法的修订，研究制定外资企业在政府采购领域“中国境内生产”的具体标准。Despite rising geopolitical tensions and the growing trend of unilateralism and protectionism, Ling emphasized that China's vast market, highly efficient industrial and supply chains, and continuously evolving innovation ecosystem provide a strong foundation and fertile ground for multinational companies to invest and expand in the country.凌激强调，尽管地缘政治紧张局势加剧，单边主义、保护主义明显上升，但中国超大规模市场、完备高效的产业链供应链、持续优化的创新环境，这些都为跨国公司在华投资和扩张提供了坚实的基础和良好的土壤。Noting that the United States' tariff hikes disrupt normal China-US economic and trade cooperation and fail to address its own challenges, Zhu Bing, director of the Commerce Ministry's department of foreign investment administration, said that such measures not only harm foreign-invested enterprises in China, including US companies, but also erode multinational corporations' investment confidence and decision-making abilities.商务部外国投资管理司司长朱冰指出，美国加征关税的做法不仅对中美正常经贸合作造成破坏，也无益于解决自身的问题，既不利于包括美资企业在内的在华外资企业发展，也会干扰跨国公司的投资信心和决策能力。"While some foreign, labor-intensive businesses are adjusting their global footprint and reallocating production capacity based on their strategic priorities and comparative advantages, many multinational corporations are evolving their investment strategies to stay competitive in China," Zhu said.朱冰表示：“虽然有一部分劳动密集型外资企业正在根据其战略重点和国内外比较优势，在全球范围内调整布局、重新分配产能，但许多跨国公司正在调整其投资策略，以保持在中国市场的竞争力。”Several foreign companies have expanded production lines for high-tech products, including high-end displays and new energy batteries, signaling a shift toward advanced manufacturing. Others have increased investment in their research and development centers in China, further upgrading their innovation capabilities.有的外资企业增加了高端显示、新能源电池等一些高技术产品的生产线，向先进制造业转变。还有的企业扩大了在华研发中心的投资，进一步提升其创新能力。For example, Panasonic Holdings Corp of Japan will start construction of a factory in Shanghai in July to produce semiconductor packaging materials, with an investment of 120 million yuan ($16.5 million).例如，日本松下控股公司宣布其生产半导体封装材料的新工厂将于7月在上海破土动工，投资额为1.2亿元人民币（1650万美元）。"China's well-developed supply chain, supportive policies, abundant R&D talent, continuously advancing innovation ecosystem and vast market potential make it an attractive destination for multinational companies," said Tetsuro Homma, executive vice-president of Panasonic.松下执行副总裁本间哲郎表示：“中国完备的供应链、支持性政策、丰富的研发人才、不断优化的创新环境和巨大的市场潜力，让它成为对跨国公司颇具吸引力的投资目的地。”Data from the Ministry of Industry and Information Technology shows that China saw actual use of foreign investment in the manufacturing sector exceed 220 billion yuan in 2024, after it removed all market access restrictions for foreign investors in the sector last year.据工信部数据显示，2024年中国全面取消制造业外资准入限制后，这一年制造业实际使用外资超过了2200亿元人民币。equityn.（公司的）股本；股票

China will impose additional tariffs ranging from 10 to 15 percent on US products, and launch an anti-monopoly probe into Google Inc, as well as other trade measures amid growing trade tensions with the United States.随着中美贸易关系日益紧张，中国将对美国产品加征10%至15%的额外关税，并对谷歌公司启动反垄断调查，同时还将采取其他贸易措施。An additional 15 percent tariff will be imposed on coal and liquefied natural gas imports from the US, as well as an additional 10 percent tariff on crude oil, agricultural machinery, large-displacement automobiles and pickup trucks, starting on Feb 10, the Customs Tariff Commission of the State Council said on Tuesday.2月4日，国务院关税税则委员会表示，自2月10日起，中国将对从美国进口的煤炭、液化天然气加征15%的额外关税，对原油、农业机械、大排量汽车、皮卡加征10%的额外关税。The move followed the US announcement that it would impose an additional 10 percent tariff on goods imported from China.此举是在美国宣布将对从中国进口的商品加征10%的额外关税之后作出的。The Finance Ministry said the unilateral imposition of tariffs by the US seriously violates the rules of the World Trade Organization, fails to solve the US' own problems, and undermines normal economic and trade cooperation between the two countries.财政部表示，美方单边加征关税的做法严重违反世界贸易组织规则，不仅无益于解决自身问题，也对中美正常经贸合作造成破坏。"The additional tariffs announced by China will cast a shadow on a significant number of US companies. Once a US company withdraws from the Chinese market due to tariff pressures, the obstacles in terms of reestablishing a presence can be substantial," said Zhou Mi, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation.商务部国际贸易经济合作研究院高级研究员周密指出：“中国宣布加征额外关税将给大量美国公司带来阴影。一旦某个美国公司因关税压力而退出中国市场，它想重新进入市场将会面临巨大阻碍。”Zhou added that the attractiveness of the Chinese market remains a powerful draw for those US companies, prompting calls for Beijing and Washington to engage in open and constructive discussions and find a path forward that addresses the concerns of the businesses of both sides while upholding their respective economic interests.周密还表示，中国市场对这些美国公司来说仍然具有强大吸引力，这促使北京和华盛顿进行开放性和建设性讨论，找到一条既能解决双方企业关切又能维护各自经济利益的前进道路。US President Donald Trump told The Wall Street Journal on Monday that he planned to speak with the Chinese leadership in the next 24 hours about tariffs, and Trump also said the 10 percent planned tariffs were just "an opening salvo".2月3日，美国总统唐纳德·特朗普在接受《华尔街日报》采访时表示，他计划在未来24小时内与中国领导人就关税问题进行讨论，并称计划加征的10%关税只是“初步行动”。As trade tensions with the US escalate, China has filed a lawsuit with the WTO's dispute settlement mechanism to defend its legitimate rights and interests. China firmly opposes the US approach and urges the US to immediately correct its wrong practices, the Ministry of Commerce said on Tuesday.随着中美贸易紧张局势的升级，中国为捍卫自身合法权益，已向世界贸易组织争端解决机制提起诉讼。2月4日，商务部表示，中方对美方做法坚决反对，敦促美方立即纠正错误做法。China has also announced a group of export control policies on key minerals. The Ministry of Commerce said that since Tuesday, it has added tungsten, tellurium, bismuth, molybdenum and indium-related items to the export control list.中国还宣布了一系列针对关键矿产的出口管制政策。商务部表示，自2月4日起，将钨、碲、铋、钼、铟相关物项纳入出口管制清单。The Commerce Ministry also put US clothing company PVH Corp and biotechnology company Illumina Inc on its unreliable entity list. China will take corresponding measures against the two companies in accordance with relevant laws and regulations.商务部还将美国服装公司PVH集团和生物技术公司因美纳公司列入不可靠实体清单，并表示将依据相关法律法规对这两家公司采取相应措施。"The two companies violate normal market trading principles, interrupt normal transactions with Chinese enterprises, take discriminatory measures against Chinese companies and seriously damage the legitimate rights and interests of Chinese firms," the ministry said in a statement.商务部在一份声明中表示：“这两家公司违反正常的市场交易原则，中断与中国企业的正常交易，对中国企业采取歧视性措施，严重损害中国企业合法权益。”The State Administration for Market Regulation, China's top market regulator, said on Tuesday that it has initiated an investigation into US tech giant Google Inc for suspected violations of China's Anti-Monopoly Law.2月4日，中国国家市场监督管理总局表示，已对美国科技巨头谷歌公司涉嫌违反《中华人民共和国反垄断法》展开立案调查。Luo Zhiheng, chief economist at Yuekai Securities, said China should resort to effective countermeasures against any tariff threats by the White House, while optimizing domestic policies and anchoring market expectations.粤开证券首席经济学家罗志恒表示，中国应针对白宫提出的任何关税威胁采取有效反制措施，同时优化国内政策、稳定市场预期。"Based on the experiences gained during the first Trump administration, China can utilize measures such as imposing additional tariffs and export controls to counter trade threats from the US," Luo said.罗志恒说：“参考特朗普第一任政府期间的经验，中国可以采取加征额外关税和出口管制等措施来应对美国的贸易威胁。”He added that China should continue to broaden the list of sanctioned goods and entities, and increase Beijing's negotiation leverage with Washington.他还表示，中国应继续扩大商品和实体清单制裁范围，并增加北京与华盛顿的谈判筹码。Given heightened global uncertainties, China should scale up the intensity of its fiscal and monetary policies, actively expand domestic demand to counter any potential downturns in external demand, and steadily push forward high-level opening-up, expand networks with trade partners and diversify its trade portfolios, Luo said.罗志恒认为，鉴于全球不确定性上升，中国应加大财政货币政策的力度，积极扩大内需以对冲外需可能的下滑，同时稳步推进高水平对外开放，扩大中国的贸易“朋友圈”，大力拓展对外贸易多元化。discriminatoryadj.歧视的，区别对待的

The Chinese Commerce Ministry says it will boost opening-up and ease market access this year. Officials say the country will steadily advance the opening-up of the service industry after lifting all foreign investment restrictions in the manufacturing sector.

Chinese authorities say the European Union's investigations on Chinese enterprises constitute trade and investment barriers. The Commerce Ministry has issued a statement following its probe in July, as the EU launched its inquiry of Chinese firms under the bloc's foreign subsidies regulation.

The United States has imposed new export restrictions on 140 Chinese companies to curb advancements in semiconductors, particularly in AI and military applications, potentially disrupting the global supply chain and increasing costs across industries. This move has sparked criticism from China's Commerce Ministry and highlights ongoing geopolitical tensions. Google's AI video generator, Veo, will soon be available for private preview on Google Cloud's Vertex AI, enabling clients like Quora and Mondelez International to create high-definition video content. Google is addressing ethical and legal concerns related to AI-generated content and intellectual property rights. Vishnu Mohandas, after leaving Google over privacy concerns, created Ente, a secure, end-to-end encrypted photo storage service prioritizing user privacy. Ente has gained over 100,000 users, offering a trustworthy alternative for those concerned about data security. Alfonso Cobo launched Hypelist, an app transforming traditional list-making into a visually appealing and user-friendly experience, integrating AI chatbots for personalized recommendations and fostering community collaboration. OpenAI has appointed Kate Rouch as its first Chief Marketing Officer to enhance brand recognition and trust, focusing on promoting capabilities, ensuring ethical leadership, and leveraging strategic partnerships. Britain's National Cyber Security Centre reports a 16% rise in cyber incidents in 2024, with increasing sophistication of attacks leveraging AI, prompting advanced defense strategies and international collaborations. Clarifai launched a vendor-agnostic AI life cycle platform to revolutionize the orchestration, management, and optimization of computational resources for enterprise and government customers, marking a shift to more commercially viable and ethically sound AI applications.

China has announced measures to further boost the growth of its foreign trade(01:08). Negotiators are trying to reach an agreement on new climate funding as COP29 draws to a close(25:19). And the World Internet Conference is wrapping up its summit in eastern China(39:09).

The European Commission has voted to impose tariffs on Chinese electric vehicles. China's Commerce Ministry has strongly opposed the EU action, noting that the industry did not request the anti-subsidy probe into Chinese EVs. Some EU member states and their auto industries also strongly oppose the tariffs. Is this proposal driven by genuine economic competition or by political considerations? How will the tariffs affect competition in the European EV market and change Chinese EV makers' global strategies?Host Xu Yawen joins Prof. Li Lun, Assistant Professor of Economics at Peking University, Helga Zepp-LaRouche, Founder of The Schiller Institute, a Germany-based think tank, and Prof. Warwick Powell, Senior Fellow at the Taihe Institute and Adjunct Professor at Queensland University of Technology, for a closer look at the issue on this episode of Chat Lounge.

①Top policymakers in China are urging more measures to boost the housing market, private businesses, spending, and employment. (00:52)②China's Commerce Ministry has expressed firm opposition to the proposed US ban on Chinese software and hardware in connected vehicles. How valid are the US's "security concerns"? (14:06)③The United States and some of its allies have called for a 21-day ceasefire across Lebanon-Israel border. But can the proposal realistically work?(24:02)④Will Brazil join the BRI? (32:43)⑤An interview with the vice president of the French Chamber of Commerce in China (40:39)

The European Union's plan to impose definitive countervailing duties on imports of electric vehicles from China is likely to weaken Chinese investors' confidence in Europe and hinder the growth of the global green industry, said market watchers and industry leaders on Wednesday.8月21日，市场观察人士和行业领导者表示，欧洲委员会委员会向相关方披露了对从中国进口的纯电动汽车征收最终反补贴税的决定草案，此举或将失去中企投资，并阻碍全球绿色产业的增长。The European Commission, the EU's executive arm, said on Tuesday that it plans to impose import tariffs of up to 36.3 percent on EVs produced in China, and that any potential measures would be in force for five years. A final decision is pending.8月20日，欧洲委员会委员会表示，计划对从中国进口的纯电动汽车征收高达36.3%的反补贴税，任何潜在措施的有效期为5年，最终决定正在等待中。Following the EU's move, China's Ministry of Commerce vowed to take all necessary measures to defend the legitimate rights and interests of Chinese companies.在欧洲委员会采取行动后，中华人民共和国商务部（以下简称商务部）坚决反对，表示将采取一切必要措施坚定捍卫中国企业合法权利。In addition, to safeguard the interests of China's dairy businesses, the ministry announced on Wednesday that China will launch an anti-subsidy probe into certain dairy products imported from EU member states.此外，为了维护中国乳制品企业的利益，商务部于8月14日宣布就有关反补贴调查事项向欧洲委员会政府发出磋商邀请。The ministry will review the applicants' qualifications, details regarding the products under investigation, the impact of these products on the domestic industry, and pertinent information about the involved countries or regions.商务部依据《中华人民共和国反补贴条例》有关规定，对申请人的资格、申请调查产品的有关情况、中国同类产品的有关情况、申请调查产品对国内产业的影响、申请调查国家（地区）的有关情况等进行了审查。The EV tariffs decision was based on facts determined unilaterally by the EU, rather than mutually recognized facts, and China firmly opposes it and is deeply concerned about the move, the Commerce Ministry said in an online statement late Tuesday.8月19日，美国商务部在线上声明中表示，电动汽车征税决定是基于欧洲委员会单方面确定的事实，而并非双方达成的共识；中国对此坚决反对。Since the end of June, China and the EU have conducted more than 10 rounds of technical consultations on the EV issue, according to the ministry.自6月底以来，中国和欧洲委员会已就电动汽车问题进行了10多轮磋商。Zhang Xiang, an auto industry researcher at Beijing-based North China University of Technology, said the release of the definitive findings underscores the EU's clear bias against Chinese EVs, further complicating the ongoing talks.北方工业大学汽车产业创新研究中心研究员张翔表示，最终调查结果的发布体现了欧洲委员会对中国电动汽车的明显偏见，使正在进行的谈判进一步复杂化。Similar views were expressed by Sun Xiaohong, secretary-general of the automotive branch of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, or the CCCME.中国机电产品进出口商会汽车分会秘书长孙晓红也持类似观点。The European Commission "has largely maintained the originally proposed import duties on Chinese automakers, despite extensive efforts by the Chinese government, industry associations and manufacturers to communicate and coordinate since early July", said Sun.孙晓红表示，欧洲委员会称“尽管中国政府、行业协会和制造商自7月初以来进行了广泛的沟通和协调，但仍维持了最初提议的对中国汽车制造商征收的进口关税”。Shi Yonghong, vice-president of the CCCME, said that even though many European countries such as Spain, France, Italy and Poland are eager to attract Chinese investment, the EU's decision will raise concerns among Chinese investors about the market and policy environment in the EU.中国机电商会石永红表示，包括西班牙、法国、意大利和波兰在内的许多欧洲国家都渴望吸引中国投资，最重要的是欧盟能够提供友好稳定的营商环境，而频频对企业发起各种不公平不公正的调查，显然将加剧企业对营商环境和投资风险的担忧。This could affect Chinese companies' future direct investment in Europe, especially that of companies in the EV, power battery and auto parts industries, he said.这可能会影响中国企业未来在欧洲的直接投资，尤其是电动汽车、动力电池和汽车零部件行业的公司。Bai Ming, a member of the Academic Degree Committee at the Chinese Academy of International Trade and Economic Cooperation in Beijing, said, "If a win-win situation cannot be achieved, Chinese companies are likely to avoid the European market and seek new opportunities elsewhere. "商务部国际贸易经济合作研究院学位委员会委员白明表示：“如果实现不了双赢，中方企业很可能会避开欧洲市场，寻找新的商机。”Chinese automaker BYD, rather than investing elsewhere in Europe this year, will invest around $1 billion to build a plant in Turkiye, according to information released by the Turkish Ministry of Industry and Technology in early July. The factory will have an annual capacity of 150,000 vehicles.根据土耳其工业和技术部于7月初发布的信息，中国汽车制造商比亚迪今年将投资约10亿美元在土耳其建设工厂，其年产可达15万辆汽车。Turkiye's membership in the EU Customs Union will enable vehicles produced within its market to be exported to EU countries without incurring tariffs.比亚迪选择从土耳其出口欧盟的话，关税税率将会明显降低。Maciej Mazur, president of the Brussels-based European Association for Electromobility, said in late July that the EU's planned tariffs on Chinese EVs will lead to an increase in European EV prices, hurting European consumers and car manufacturers, and will cause friction in China-EU business relations.欧洲电动出行协会(AVERE)主席马切伊·马祖尔(Maciej Mazur)于7月下旬到访欧盟中国商会，表示欧盟对中国电动汽车加征关税不利于欧洲消费者，也不利于欧洲汽车制造商，还会导致欧中关系紧张。China Chamber of Commerce for Import and Export of Machinery and Electronic Productsn.中国机电产品进出口商会汽车分会

Thailand's prime minister said in July that eligible businesses and individuals can register from August for digital cash handouts, a controversial program that will cost billions of dollars and is meant to boost the lagging economy. The government announced in April the widely criticized ambitious plan, named the “Digital Wallet,” meant to give 10,000 baht (about $275) to 50 million citizens in digital money to spend at local businesses. Prime Minister Srettha Thavisin posted on the social platform X, saying the registration will begin August 1 and that he has given instructions to ensure the smooth implementation of the program. The “Digital Wallet” was a major campaign promise of the ruling Srettha's Pheu Thai party ahead of last year's general election. The government says that this scheme will cause an “economic tornado,” and Srettha has said the stimulus and subsequent consumption are expected to boost gross domestic product growth by 1.2 to 1.6 percentage points. However, economists have criticized the program, calling it an ineffective way to contribute to sustainable economic growth compared to other measures. Deputy Minister of Finance Julapan Amornvivat said that the Digital Wallet committee has agreed to exclude tens of thousands of shop owners and cash recipients who have a record of committing fraud in past programs. The plan also has certain limitations, such as excluding certain goods that are yet to be decided, and earlier proposals suggested oil, services, and online purchases should be among them. Julapan said the Commerce Ministry would handle the exclusions set to be announced in the fourth week of July after the detailed plan is submitted to the Cabinet. Thailand has in recent years suffered from a sluggish economy that appears to have deteriorated with no clear sign of growth. The ruling Pheu Thai party had initially suggested digital wallet payments for all Thais 16 and older, but later this was limited to only lower-income Thais, defined as people with yearly incomes not exceeding 840,000 baht (about $23,000) and savings in financial institutions not totaling more than 500,000 baht ($13,700). This article was provided by The Associated Press.

中国商務省、北京【北京時事】中国商務省は２３日、日本製ステンレス製品に対する反ダンピング関税を撤廃した。 China's Commerce Ministry lifted its antidumping duties on Japan-made stainless steel products Tuesday in line with a World Trade Organization recommendation.

China's Commerce Ministry lifted its antidumping duties on Japan-made stainless steel products Tuesday in line with a World Trade Organization recommendation.

China will intensify efforts to further attract foreign investment, in order to drive the growth of the world's second-largest economy in the new development paradigm, according to an executive meeting of the State Council, the country's Cabinet, on Wednesday.6月26日，中国国务院召开常务会议。会议指出，中国将加大力度吸引外国投资，推动世界第二大经济体在新发展模式下的增长。The meeting, which was chaired by Premier Li Qiang, decided that the country will take steps to deepen opening-up efforts in key sectors, focusing on removing market access restrictions on foreign investment in the manufacturing sector and introducing a new round of pilot measures to expand opening of the service sector.会议由国务院总理李强总理主持召开。会议指出，要深化重点领域对外开放，落实制造业领域外资准入限制措施“清零”要求，推出新一轮服务业扩大开放试点举措。Domestic and foreign companies will be treated on an equal footing when participating in various sectors, including in large-scale equipment upgrades and government procurement. Efforts will also be made to improve the facilitation of investment and optimize foreign investment policies in areas such as pharmaceuticals and medical devices, according to the meeting.要优化政策实施，一视同仁支持内外资企业参与大规模设备更新、政府采购和投资等。要持续提升投资便利化水平，优化药品、医疗器械等领域外资政策。Additionally, it was noted at the meeting that China will release a revised version of the industry catalog that encourages foreign investment and makes it easier for foreign nationals to work in China.要打造“投资中国”品牌，修订发布新版《鼓励外商投资产业目录》，提高外籍人员工作便利度。Foreign direct investment in actual use on the Chinese mainland totaled 412.51 billion yuan ($56.8 billion) in the first five months of the year, which was 28.2 percent lower than the figure for the same period last year, data from the Ministry of Commerce showed. Despite the decline, 21,764 new foreign-invested enterprises were established, up 17.4 percent year-on-year, according to the ministry.商务部数据显示，2024年1-5月实际使用外资金额4125.1亿元人民币，同比下降了28.2%。我国新设立外商投资企业21764家，同比增长17.4%，延续了去年以来新设企业较快增长的态势。Meanwhile, foreign companies saw a 16.7 percent increase in profits in the first four months of the year, well above the national average of 4.3 percent, according to the National Bureau of Statistics.此外，国家统计局数据显示，今年1-4月外资规上工业企业利润总额增长16.7%，高于全国平均水平（4.3%），经营状况持续改善。The scale of foreign investment in actual use is still at a historically high level, even though there has been a decrease in the amount, which is primarily due to the impact of last year's high base, said an official with the Commerce Ministry.商务部外资负责人表示，我国实际使用外资规模仍处于历史高位，金额有所下降主要是受去年高基数影响。Notably, in the first five months of the year, the manufacturing sector attracted 117.11 billion yuan, accounting for 28.4 percent of the total inflow of foreign direct investment. This represents an increase of 2.8 percentage points compared with the same period last year and points to ongoing improvement in China's investment structure.值得注意的是，1-5月，我国制造业实际使用外资1171亿元，其中高技术制造业引资504.1亿元，占全国引资比重较上年同期分别提升了2.8个和2.7个百分点，显示出我国引资结构持续优化。Foreign businesses operating in China continue to exhibit stable investment expectations and confidence in the country's market. Recent surveys conducted by various business chambers found that more than three-fourths of United States, European and Japanese companies planned to sustain their operations in China, the official added.在中国经营的外企持续表现出稳定的投资预期，中国仍是全球“投资沃土”。各商会最新发布调查显示，计划持续在华经营的美资、欧资和日资企业比例均超过四分之三。opening-upn.对外开放business chambersn.商会

On the version of Hot off the Wire posted April May 30 at 7:30 a.m. CT: HOUSTON (AP) — Residents across Texas are recovering again from storms that ripped off roofs in Dallas and flooded roads in Houston. Up to 1 million homes and businesses were without power during the severe weather Tuesday. One electric utility said Wednesday that some outages could linger into the weekend. A 16-year-old construction worker was killed when a house being built near Houston collapsed.  NEW YORK (AP) — Jury deliberations in Donald Trump's criminal hush money trial are set to enter a second day as jurors navigate the weighty task of evaluating the former president's guilt and innocence alongside the facts of the case. The panel deliberated for more than four hours Wednesday and asked the judge to rehear both jury instructions and portions of testimony from two key witnesses. BEIJING (AP) — China's Commerce Ministry has announced it will restrict exports of aviation and aerospace-related equipment and technology beginning July 1.  WASHINGTON (AP) — A string of security, logistical and weather problems has battered the plan to deliver desperately needed humanitarian aid to Gaza through a U.S. military-built pier. Broken apart by strong winds and heavy seas just over a week after it became operational, U.S. officials say that the pier is being repaired, then will be reinstalled and working again soon.  The Israeli military says two soldiers have been killed in a car-ramming attack in the occupied West Bank. Violence in the West Bank has surged throughout the war in Gaza as Israel raids Palestinian towns in the territory to crack down on militancy, with incursions resulting in the deaths of more than 500 Palestinians. MONTGOMERY, Ala. (AP) — Alabama is set to execute a man convicted of bludgeoning an elderly couple to death 20 years ago to steal prescription drugs and $140 from their home. Jamie Ray Mills is scheduled to be put to death Thursday evening at a south Alabama prison.  Melinda French Gates says she will be donating $1 billion over the next two years to individuals and organizations working on behalf of women and families globally, including on reproductive rights in the United States. French Gates is one of the biggest philanthropic supporters of gender equity in the U.S. Yale University has named its 24th president. Maurie McInnis will take over on July 1 and succeed Peter Salovey, who is retiring to take a faculty position after leading the New Haven, Connecticut, school for the past decade. In other news: Justice Samuel Alito rejects calls to step aside from Supreme Court cases because of flag controversies. Two new giant pandas are returning to Washington's National Zoo from China by the end of the year. Key Republican calls for 'generational' increase in defense spending to counter US adversaries. Another US military MQ-9 Reaper drone goes down in Yemen, images purportedly show. Boeing reaches deadline for reporting how it will fix aircraft safety and quality problems. Authorities arrest man allegedly running 'likely world's largest ever' cybercrime botnet. McDonald's says $18 Big Mac meal was an 'exception' and news reports overstated its price increases. Michigan willing to spend millions to restore Flint properties ripped up by pipe replacement. New York prosecutors say they are weighing new charges against Harvey Weinstein. 14 pro-democracy activists convicted, 2 acquitted in Hong Kong's biggest national security case. An Iceland volcano spews red streams of lava toward an evacuated town. Charges dropped against golfer Scottie Scheffler, Stanley Cup series evens up between the Oilers and Stars, Dodgers sweep the Mets, and Major League Baseball combines its records with the Negro Leagues.  —The Associated Press About this program Host Terry Lipshetz is managing editor of the national newsroom for Lee Enterprises. Besides producing the daily Hot off the Wire news podcast, Terry conducts periodic interviews for this Behind the Headlines program, co-hosts the Streamed & Screened movies and television program and is the former producer of Across the Sky, a podcast dedicated to weather and climate.

China has expressed firm opposition to additional U.S. tariffs on Chinese goods. The Ministry of Commerce says China will take resolute measures to safeguard its own rights and interests.

Trade tension between China and the United States, simmering over Washington's repeated tariff increases and policy restrictions against Chinese exporters and enterprises, has escalated again with Washington's launch of a Section 301 investigation targeting China's maritime, logistics and shipbuilding sectors.However, the old playbook of unilateralism and protectionism pursued by the White House will not only fail to bring about the reshoring of manufacturing desired by the US, but will also result in the US facing the challenge of a more expensive supply chain, experts said.China expressed on Wednesday night its strong dissatisfaction with and firm opposition to the US Trade Representative's initiation of the Section 301 investigation, emphasizing that it will keep abreast of the progress of the probe and take all necessary measures to defend its own rights and interests, the Ministry of Commerce said in a statement.Section 301 of the Trade Act of 1974, as amended, is used to respond to so-called unjustifiable, unreasonable or discriminatory foreign government practices that burden or restrict US commerce.The investigation petition was jointly filed on March 12 by five US labor unions. "The number of commercial shipyards in the US has plunged by more than 70 percent, tens of thousands of jobs have been lost, and the US now produces only a fraction of 1 percent of the world's commercial vessels, falling to 19th place," they said in the petition.Multiple US research reports have shown, however, that the US shipbuilding industry lost its competitive edge years ago due to excessive protectionism. While the US provides discriminatory subsidies amounting to hundreds of billions of dollars to its own industries, it accuses China of adopting so-called nonmarket practices, the Chinese ministry said.Noting that the US petition is rife with unfounded allegations, distorting normal trade and investment activities as threats to US national security and business interests, the ministry said that "blaming China for the US' own industrial issues lacks factual basis and contradicts economic common sense".The main anticipated objective of the petitioner unions is to urge the US government to enhance policy support and subsidies for its domestic maritime and shipbuilding industries, said Sun Lei, a trade lawyer at Beijing Dacheng Law Offices, adding that the investigation is expected to last approximately one year.In an election year, supporting labor unions has become an effortless decision for US President Joe Biden, who, in his bid for reelection, hopes to garner support from the working class, said He Weiwen, executive director of the China Association of International Trade.The investigation, using an old narrative to position China as a threat, aims to redirect attention away from domestic issues that have long been unaddressed, He said.The Chinese shipbuilding sector began its path toward internationalization in the 1980s, constructing a large number of vessels for European and Asian shipowners. But there has never been direct competition between the US and Chinese shipbuilding industries, said Zhao Yifei, a professor of Antai College of Economics and Management, which is part of Shanghai Jiao Tong University.China's shipbuilding industry secured the top position for the 14th consecutive year in 2023 in terms of completed vessels, which accounted for 50.2 percent of the global total, new orders, at 66.6 percent of the world total, and order backlog, at 55 percent, according to data from the China Association of the National Shipbuilding Industry.Currently, orders from US shipowners account for less than 5 percent of the total new orders received by Chinese shipyards each year. Even if the US government were to impose additional Section 301 tariffs, that would have a minimal impact on Chinese shipyards, Zhao said.Moreover, the investigation comes as the ability of the US to reindustrialize and regain its position as a global manufacturing powerhouse has become a focal point of the White House in the lead-up to the November election.The White House also announced on Wednesday that it plans to triple the existing Section 301 tariffs on Chinese steel and aluminum products and collaborate with neighboring countries to prevent indirect exports of Chinese steel and aluminum to the US.China has urged the US to confront its internal challenges, while also demanding the immediate removal of imposed tariffs, according to a separate statement by China's Commerce Ministry on Thursday.Since 2018, the US has selectively imposed tariffs on steel and aluminum products from its global trading partners under the guise of "national security". The World Trade Organization has ruled that the US measures violate global trade rules, the ministry said.However, the US has abused the Section 301 tariff review process, openly demanding arbitrary adjustments to tariffs on Chinese products, the ministry said, adding that US pressure on other countries to restrict Chinese products will further disrupt the security and stability of global industrial and supply chains.Reporter: Wang Keju

An official from China's commerce ministry says abrupt U.S. probes into a Chinese company have undermined Chinese investor confidence in the U.S. market.]]>

China has engaged in dialogue with businesses to evaluate the tangible implications of the United States executive order restricting high-tech, US-based investment going to China, and the Chinese government will take necessary measures based on the findings of this assessment, the Ministry of Commerce said on Thursday.8月17日，中国商务部表示，近日已与企业座谈，了解行政令对企业的实际影响。在此基础上，我们正在对行政令的影响进行全面评估，并将根据评估结果采取必要的应对措施。Signed by US President Joe Biden in early August, the order authorizes the US Treasury Department to regulate the flow of US investment and expertise into three sectors in China — semiconductors and microelectronics, quantum computing and artificial intelligence.该命令由美国总统乔·拜登于8月初签署，授权美国财政部对美国投资和专业技术流入中国的三个领域，即半导体和微电子、量子计算和人工智能进行监管。Addressing a regular news conference in Beijing, Commerce Ministry spokeswoman Shu Jueting said the US executive order authorizing investment restrictions toward China is counterproductive and can have detrimental effects.在北京举行的例行新闻发布会上，商务部发言人束珏婷表示，美国发布限制对华投资的行政命令损人害己。The ministry also said that China would welcome a visit by US Commerce Secretary Gina Raimondo to the country, and relevant government departments of both sides are maintaining close communication regarding arrangements for a visit.商务部还表示，中方欢迎美国商务部长吉娜·雷蒙多访华，双方有关政府部门正就访华安排保持密切沟通。Experts said the US executive order is just another "decoupling" move that targets China but will eventually be more harmful to US industries and businesses.专家表示，美国的行政命令只是又一个针对中国的“脱钩”举措，但最终将对美国的产业和企业造成更大的伤害。Li Wei, a professor of international relations at Renmin University of China, said that although a number of senior US government officials, including US Secretary of State Antony Blinken and US Treasury Secretary Janet Yellen, had visited China in recent months, the executive order restricting critical technology investment in China will have a severe impact on the interests of businesses and investors in both countries, increasing tensions in bilateral relations.中国人民大学国际关系学院教授李伟说，尽管包括美国国务卿安东尼·布林肯和美国财政部长珍妮特·耶伦在内的多位美国政府高官近几个月访问了中国，但限制对华关键技术投资的行政命令将严重影响两国企业和投资者的利益，加剧双边关系的紧张。Chen Wenling, chief economist at the China Center for International Economic Exchanges in Beijing, said the US should stop its "decoupling" and "de-risking" approach with regard to the high-tech sector, because such an approach endangers the integrity of the global industrial chain.中国国际经济交流中心总经济师陈文玲表示，美国应停止其在高科技领域的“脱钩”和“去风险”做法，因为这种做法会危及全球产业链的完整性。While initially directed at China, this policy could potentially have far-reaching repercussions on the global stage, Chen said.她表示，虽然这一政策最初是针对中国的，但有可能在全球舞台上产生深远影响。China-US trade amounted to 2.64 trillion yuan ($364 billion) in the first seven months of 2023, down 9.6 percent year-on-year. The volume accounts for 11.2 percent of China's total foreign trade, making the US the third-largest trading partner of China, following the Association of Southeast Asian Nations and the European Union, data from the General Administration of Customs showed.2023年前七个月，中美贸易额为2.64万亿元人民币（3640亿美元），同比下降9.6%。海关总署的数据显示，中美贸易额占中国对外贸易总额的11.2%，美国成为继东南亚国家联盟和欧盟之后的中国第三大贸易伙伴。In response to a recent hearing at the US House of Representatives, Shu, the spokeswoman for the Commerce Ministry, said that China firmly opposes forced technology transfers and there is no such thing as helping its businesses replace US companies by forcibly acquiring technology.针对美国众议院最近举行的听证会，商务部新闻发言人束珏婷表示，中方明确反对强制技术转让，更不存在通过强制获取技术帮助中国企业取代美国企业。"The statements from the US side are completely at odds with the facts. The essence of China-US economic and trade cooperation is mutually beneficial and win-win," she said.她表示，美方与事实完全不符。中美经贸合作的本质是互利共赢。The spokeswoman emphasized that China welcomes companies from the US and other countries to thrive and prosper in China. The country strives to create a market-oriented and rules-based international business environment for all types of companies.“中方欢迎包括美国企业在内的各国企业在华发展、取得成功，努力为各类企业营造市场化、法治化、国际化的营商环境。”"Mergers and acquisitions aimed at acquiring technology and intellectual property rights are ordinary business cooperation practices," she said, adding that mandatory technology transfers are in violation of China's Foreign Investment Law and run counter to the nation's economic principles.她说，企业间通过并购获取技术和知识产权，是正常的商业合作行为。强制技术转让不符合中国的外商投资法，也不符合经济规律。Shu urged the US to treat Chinese companies fairly and justly, providing them with equal opportunities for their trade and investment cooperation activities in its market.“美方应公平公正对待中国企业，为他们在美国开展贸易投资合作提供平等待遇。”束珏婷说。In light of China recently implementing export restrictions on industrial products and materials containing gallium and germanium, Shu said the country's export controls are cautious and moderate, with the goal to effectively safeguard national security and fulfill international obligations.商务部新闻发言人束珏婷表示，对镓、锗相关物项的出口管制已于8月1日起正式实施。中国实施出口管制是审慎的、适度的，目的是为了维护国家安全，更好履行国际义务。Shu added that the ministry will adjust and refine the export control list for dual-use items in compliance with the provisions of export control laws in a timely manner.商务部将根据出口管制法的规定，适时调整和完善两用物项出口管制清单。Restriction英/rɪˈstrɪkʃ(ə)n/ 美/rɪˈstrɪkʃ(ə)n/n.限制规定，限制法规Counterproductive英/ˌkaʊntəprəˈdʌktɪv/ 美/ˌkaʊntərprəˈdʌktɪv/adj.事与愿违的，起反作用的

Premier Li Qiang invited multinational companies on Tuesday to explore more opportunities for cooperation in China, saying the country will create greater global stability and security as it pursues high-quality development.6月27日，国务院总理李强在天津出席世界经济论坛全球企业家对话会，同企业家代表座谈交流。在会上，李强邀请跨国公司在中国开拓更多的合作机遇，并表示中国在追求高质量发展的同时，将为世界注入更大的稳定性和安全感。Li made the remarks when taking questions from business leaders at a dialogue session in Tianjin with World Trade Organization Director-General Ngozi Okonjo-Iweala and 120 representatives of entrepreneurs from more than 20 countries and regions.世界贸易组织总干事伊维拉和来自20多个国家和地区的约120位企业家在天津参加了本次对话会，李强在回答商界领袖的提问时发表了上述言论。Questions related to cooperation between supervising authorities and companies, data protection and management, and the response to climate change were raised during the session, which was part of the ongoing 14th Annual Meeting of the New Champions, also known as the Summer Davos Forum, that runs through Thursday.6月27日至29日，世界经济论坛第十四届新领军者年会（夏季达沃斯论坛）在天津举行，世界经济论坛全球企业家对话会是该年会的一部分。对话会讨论了有关监管部门与企业合作、数据管理、应对气候变化问题。Li said that China always attaches high importance to multinational corporations, which serve as important players and are a force in China's economic development.李强表示，跨国公司是中国经济发展的重要参与者和驱动力，中国高度重视跨国公司。"China is committed to its own development and is also always ready to share opportunities with the rest of the world," he said, adding that China is an open and inclusive country with international credibility.李强指出，中国致力于自身发展，积极与各方分享发展机遇，是开放包容诚信的大国。The premier said China is stepping up scientific and technological innovation, modernizing its industrial system and expanding domestic demand, and a new round of technological revolution and industrial transformation is expected. Multinationals are welcome to participate in this process, he added.李强强调，中国正在加强科技创新、建设现代化工业产业体系、扩大内需等，将推动新一轮科技革命和产业转型，欢迎跨国公司参与这一进程。Li said that China stands ready to work with all parties to develop cutting-edge technologies, expand new areas of cooperation and facilitate enterprises' investment.中方愿与各方共同推动前沿科技发展，拓展新的合作领域，为企业投资发展打开新的广阔空间。The country will speed up building a market-oriented and world-class business environment governed by a sound legal framework. The country's policies will also become more predictable and consistent, he said. "Going forward, we will only open wider to the world," Li said.中国将加快营造市场化、法治化、国际化一流的营商环境，提高国家政策的可预测性和一致性，稳步扩大制度型开放。He also expressed his hope that entrepreneurs will shoulder their responsibilities at a time of uncertainty.李强表示，希望企业家在不确定性中强化担当。"We need to look for certainties and opportunities for economic development, pool efforts to bring more certainty to economic globalization and to jointly ensure that global industrial and supply chains are stable and smooth," Li said. 李强说：“把握经济发展的确定性方向，寻找经济发展的确定性机遇，汇聚经济发展的确定性力量，坚定支持经济全球化，共同维护全球产业链供应链稳定畅通。”A report for the Commerce Ministry released last year on multinationals in China and the role they can play in reshaping global su pply chains showed that China remains an important destination for global investment by multinationals.商务部于2022年发布的《跨国公司在中国：全球供应链重塑中的再选择》显示，跨国公司仍将中国视为全球投资的重要目的地。Ralf Brandstatter, the chief of Volkswagen China, said at the session that the close economic relations between Germany and China, especially in the automotive industry, have led to more investment, innovation and employment in both countries. "China is not only an innovation driver, it is also the world's most dynamic growth market," said Brandstatter, noting that the German company expects annual sales in China to rise to about 28 million vehicles by 2030.大众汽车集团（中国）董事会主席拉尔夫·布兰德施塔特在会上表示，中德两国经贸往来密切，特别是汽车行业，这为两国带来了更多的投资、创新和就业，中国不仅是创新驱动者，也是世界上最具增长活力的市场。布兰德施塔特指出，预计到2030年，该集团在中国的年销量将上升至2800万辆左右。 Benedikt Sobotka, chief executive of Eurasian Resources Group, said that in an increasingly fragmented and multipolar world, it is important to have communications, open channels and conversations in a noncompetitive fashion.欧亚资源集团（ERG）首席执行官本尼迪克特·索伯特卡表示，在日益碎片化和多极化的世界里，以非竞争的方式进行沟通、开放渠道和对话非常重要。"None of us around this table here … is strong and big enough to solve this problem (global warming) on its own. So we have to work together and it's important that we do this," he said.索伯特卡说：“在场的任何国家都没有独自解决问题(全球变暖)的能力，所以我们必须共同努力，这十分重要。”Sobotka said the Belt and Road Initiative, as it develops, has become the green belt and road, which will help deploy highly competitive, highly efficient and green energy technologies around the world.索伯特卡表示，“一带一路”倡议已经发展成为绿色环保的“一带一路”，这将有助于在全球范围内部署高竞争力、高效率和环保的能源技术。Global英 /ˈɡləʊbl/美 /ˈɡloʊbl/adj. 全球的Firm英 /fɜːm/美 /fɜːrm/n.公司Development英 /dɪˈveləpmənt/美 /dɪˈveləpmənt/n. 发展Entrepreneur英 /ˌɒntrəprəˈnɜː(r)/美 /ˌɑːntrəprəˈnɜːr/n. 〈法〉企业家

China's Commerce Ministry has blasted recent media reports saying the United States could force the sale of TikTok.

The CEO of TikTok testified before the U.S. Congress today. The Guardian reports:  Members of the committee have cited a Wall Street Journal report that indicates China would oppose a forced sale of TikTok.  “China's Commerce Ministry said Thursday that a sale or divestiture of TikTok would involve exporting technology and had to be approved by the Chinese government,” the article reads.  Rep. Michael Burgess said despite Chew's assertions, China seems to believe its in control of TikTok and its software.  Chew said that while TikTok is not available in mainland China, the founders of ByteDance are Chinese and they work with Chinese employees just like many companies around the world.  Burgess has asked whether anyone from ByteDance “directly provide input, help or instruction for your testimony today”. Chew said he prepared for this hearing with his team in DC.  As a reminder, ByteDance is TikTok's parent company.  That and much more on The Vince Coakley Radio Program.See omnystudio.com/listener for privacy information.

Chiang Mai-based doctor, in July, lost ฿6.9 million after speaking with what she thought was a senior officer with the Department of Special Investigation (DSI) while later being told she faced imminent arrest after her accounts were forensically analysed. https://www.thaiexaminer.com/thai-news-foreigners/2022/10/30/ministry-probes-collusion-with-scam-gangs/ James Morris reports from Prachuap Khiri Khan and Bangkok.

Amber on economy?   The value of goods that India exports dipped marginally by 1.1% to $32.62 billion in September, reflecting the slowing global demand especially in the US -- our top export destination – and in Europe. India's outbound shipments had hit a monthly record in March 2022 at $42.2 billion. And this is the first contraction in exports since February 2021. Meanwhile, imports fell below $60 billion for the first time in seven months at $59.35 billion, but were 5.44 per cent higher than a year ago. The trade deficit, which stood at $26.73 billion for September, was almost 19 per cent higher than a year ago. The Commerce Ministry highlighted that the deficit in September was an improvement over the $28.68 billion reading for August. But, at the same time, it explained that exports in certain sectors had seen a decline due to the slowdown in some developed economies and the resultant slowdown in demand. It added that exports had also been impacted by some of the measures taken to tackle domestic inflation and food security concerns. Compared to last year, engineering goods, drugs and pharmaceuticals, chemicals, readymade garments, rice, and cotton yarn and handlooms saw a contraction in September. Together, these are six of the country's top ten export products. Exports of cotton yarn and handloom products recorded the sharpest decline, shrinking 41.4 per cent year-on-year to just $767.5 million in September from $1.31 billion. On a worrying note, engineering goods exports, which have been the driver of India's exports performance of late, declined 17 per cent year-on-year to $7.81 billion from $9.41 billion. But, electronics goods exports came out as a bright spot, jumping 64 per cent to $1.9 billion. The bright spot – India's service industry   On the other hand, India's services exports have shown resilience. They grew 15 per cent to $23.54 billion in August, according to provisional data. In July, services exports increased by 20.2 per cent year-on-year to $23.26 billion. In December last year, analysts at Crisil said in their report that the Indian government's goal of achieving $1 trillion in goods exports by fiscal 2028 needed a reality check. One of the factors they listed for being cautious was the fact that the country's exports were highly sensitive to global growth shocks. Even before the onset of the Russia-Ukraine war, they had warned that the emerging global environment was set to become more challenging. In September this year, the Export-Import Bank of India also said that exports could be shadowed by softening global commodity prices, a possible slowdown affecting major trade partners, and the inflationary pressures and tight monetary policies around the world. And the world is bracing for much more challenging days ahead. Economist Nouriel Roubini has said that a global recession will set in by the end of the current calendar year and last through 2023. Roubini, who correctly predicted the 2008 financial crisis, has said that the US, along with the rest of the world, is about to face an ugly and long recession. World Trade Organization Director-General Ngozi Okonjo-Iweala has also said that the world is “edging into” a global recession. The WTO is expected to lower its 2022 trade growth projections next month. In April, it had lowered its projection for growth in merchandise trade this year to three per cent from 4.7 per cent previously. Since external trade accounts for half of India's GDP, it could face an economic downturn if a global recession does hit. The country will have to brace for lower merchandise and services exports. But, commodity prices are also correcting. Going forward, they are expected to come down significantly. This would cut the import bill and boost consumption, which would push the growth momentum. What about free trade agreements? India has returned to the FTA negotiating table after a long hiatus. While agreement

European bourses were relatively flat at the open but saw a bout of impetus amid above-forecast PMIs; however, this was shortlived with bourses now negative, Euro Stoxx 50 -0.6%.US futures are in-fitting directionally but diverging in terms of magnitudes, posting gains of circa. 0.4% ahead of multiple risk events.DXY is firmer and ever closer to 99.00, with NOK bolstered from post-Norges Bank commentary with CHF unphased by the SNB.EGBs initial test of yesterday's peaks fizzled and retraced in short-order, German 10yr yield now back above 50bp as such.WTI and Brent are modestly firmer but choppy in around UD 3.00/bbl ranges, ahead of multiple key meetings where energy will be a focal point.Looking ahead, highlights include US Flash PMIs, US IJC & Durable Goods, SARB Policy Announcement, Extraordinary NATO Summit & EU Council Meeting (1/2), Speeches from Fed's Waller, Evans, Bostic & Kashkari.As of 10:35GMT/06:35EDTLOOKING AHEADUS Flash PMIs, US IJC & Durable Goods, SARB Policy Announcement, Extraordinary NATO Summit & EU Council Meeting (1/2), Speeches from Fed's Waller, Evans, Bostic & Kashkari.Note; US Clocks Changed to EDT from EST on Sunday, March 13th. London to New York time gap is four-hours until the UK change on March 27th.Click here for the Week Ahead preview.GEOPOLITICSRUSSIA-UKRAINEDISCUSSIONS/NEGOTIATIONSUkraine says seven humanitarian corridors agreed for Thursday, no mention of safe passage from Mariupol.EU's Foreign Representative Borrell says the Russian army has not reached its goals within Ukraine, Russia seeks to isolate Ukraine from the sea, has no interest in negotiating until then.NATO Chief Stoltenberg is set to prolong by one-year his term as Sec. Gen, according to TV2 Channel.Russian Kremlin says the fresh expulsion of US diplomats is a forced measure, asked why Defense Minister Shoigu has not appeared in public says it is not the correct time for media activity.ENERGY/ECONOMIC UPDATESUS Senator Cornyn met with Treasury Secretary Yellen to discuss Russian gold sanctions.Fitch announced it is to withdraw ratings on Russian entities.Austria says talks of imminent Russian energy boycott is wrong, via APA.DEFENCE/MILITARYUK is to supply 6,000 missiles to Ukraine and GBP 25mln to help pay salaries of Ukrainian soldiers and pilots, while Sputnik found documents on the UK training Ukrainian soldiers for fighting in Donbass.Japan's government is considering announcing additional humanitarian aid of USD 100mln to Ukraine at the G7 and is considering doubling emergency loans to Ukraine to USD 200mln, while Japan is also looking into dispatching self-defence force medical officers to support Ukraine refugees, according to NHK.OTHER NEWS/REMARKSUS Embassy in Russia received a list of diplomats declared persona non grata from the Russian Foreign Ministry, while the US called on Russia to end the expulsion of US diplomats and staff.Australian PM Morrison said he raised concerns about the possibility of Russian President Putin attending the G20 meeting in Indonesia in November.Anonymous collective tweeted it hacked the Central Bank of Russia and that files will be released within 48 hours with secret agreements.OTHERNorth Korea fired an unidentified projectile off the east coast, according to the South Korean military, while Japan's coast guard suggested it may be a ballistic missile. Subsequently, Japan's Chief Cabinet Secretary Matsuno says the apparent N. Korea missile fell within Japan's EEZ, was no prior notification which is a dangerous action.Japan's Vice-Defense Minister thinks the projectile launched from N. Korea may be a new type of inter-ballistic missile.South Korea has called a a security council meeting regarding the N. Korea missile launch.South Korea has test-fired multiple ballistic and guided missiles following the North Korean ICBM launch, according to the South Korean Military."Sources now sound increasingly pessimistic about the chances of restoring the JCPOA.", according to Journalist Liechtenstein.EUROPEAN TRADEEQUITIESEuropean bourses were relatively flat at the open but saw bout of impetus amid above-forecast PMIs; however, this was shortlived with bourses now negative, Euro Stoxx 50 -0.6%.US futures are in-fitting directionally but diverging in terms of magnitudes, posting gains of circa. 0.4% ahead of multiple risk events.Back to Europe, as the session progressing a defensive sectoral bias has become more pronounced.Click here for more detail.FXDXY nudges closer to 99.000 as risk tone remains tentative and Treasuries return to bear flattening mode.Yen slides through remaining 2016 lows to 121.75, breaching option barriers on the way at 121.50.Euro gets some support from above forecast PMIs in stark contrast to Sterling, EUR/USD limits losses under 1.1000, as Cable lets go of 1.3200 and EUR/GBP eyes 0.8350 to the upside.Norwegian Krona derives traction via hawkish Norges Bank rate path and commentary from the Governor, but Franc finds little new in latest SNB Quarterly Policy Review; EUR/NOK sub-9.5000, USD/CHF back over 0.9300 and EUR/CHF straddling 1.0250.Click here for more detail.Notable FX Expiries, NY Cut:Click here for more detail.CENTRAL BANKSSwiss SNB Policy Rate (Q1) -0.75% vs. Exp. -0.75% (Prev. -0.75%); CHF classified as “Highly Valued”, willing to intervene in the foreign exchange market as necessary, in order to counter upward pressure on CHF. Click here for more detail & analysis.SNB's Jordan says looks at at inflation differentials and currencies when deciding on intervention. Echoing recent commentary from the SNBNorges Bank: Key Rate 0.75% (exp. 0.75%, prev. 0.50%); guides towards June-MPR for next hike. Four hikes implied for 2022, terminal rate at 2.52% (prev. 1.75%). Click here for more detail & analysis.Norges Bank Governor Bache says they may hike by 50bp if inflation increases by more than expected, could also hike at intermediate meetings if needed.ECB is to gradually phase out COVID collateral easing measures between July 2022 and March 2024; keeps waiver on Greek govt bonds.ECB's Elderson says their analysis confirms that the present circumstances present new headwinds to growth; not yet observing stronger-second round effects than projected. Would not exclude a rate lift-off for this year.FIXED INCOMEBonds back under siege after short-lived Wednesday revival.US Treasuries resume bear-steepening trend following scant positive reaction to a well covered and stop-through 20-year note sale.Gilts hand back more post-DMO remit recovery gains.Click here for more detail.COMMODITIESWTI and Brent are modestly firmer but choppy in around UD 3.00/bbl ranges, ahead of multiple key meetings where energy will be a focal point.On this, Eurasia's Rahman suggested, “The threshold for energy import bans is very high”, though the EU and US are reportedly close to a deal cutting Russian oil dependence.German coalition parties agreed all tax-paying employed people to receive on-off energy price allowance of EUR 300 as supplement to their homes, shut down of coal-fired power plants can be suspended, ideally continuing with a 2030 phase-out.Spot gold/silver are rangebound but picking up back towards overnight highs as broader equity performance continues to pull back.Finally, LME Nickel once again hit the 15% limit up mark following similar gains in China – with market contacts pointing to supply-disruption positioning.Click here for more detail.DATA RECAPEU Markit Manufacturing Flash PMI (Mar) 57.0 vs. Exp. 56.0 (Prev. 58.2); Services Flash PMI (Mar) 54.8 vs. Exp. 54.2 (Prev. 55.5)EU Composite Flash PMI (Mar) 54.5 vs. Exp. 53.9 (Prev. 55.5)German Markit Composite Flash PMI (Mar) 54.6 vs. Exp. 53.7 (Prev. 55.6); Manufacturing Flash PMI (Mar) 57.6 vs. Exp. 55.8 (Prev. 58.4)German Services Flash PMI (Mar) 55.0 vs. Exp. 53.8 (Prev. 55.8)UK Flash Services PMI (Mar) 61.0 vs. Exp. 58.0 (Prev. 60.5); Manufacturing PMI (Mar) 55.5 vs. Exp. 56.7 (Prev. 58.0)Composite PMI (Mar) 59.7 vs. Exp. 57.8 (Prev. 59.9)Click here for the US Early Morning NoteCRYPTOBitcoin is firmer though off best levels after it briefly printed a new peak for the week at USD 43,488.APAC TRADEEQUITIESAPAC stocks traded cautiously after the losses in global peers as rising oil prices stoked growth concerns and with sentiment not helped by further hawkish Fed rhetoric.ASX 200 recouped early losses as energy the sector and mining stocks cheered recent commodity gains.Nikkei 225 initially retreated below 28k but then saw a late rebound to keep its winning streak intact.Hang Seng and Shanghai Comp. conformed to the risk-averse mood after the PBoC drained liquidity and amid weakness in tech, with the worst-performing stocks in Hong Kong dragged lower by recent earnings.NOTABLE APAC HEADLINESPBoC injected CNY 20bln via 7-day reverse repos with the rate at 2.10% for a CNY 60bln net drainPBoC set USD/CNY mid-point at 6.3640 vs exp. 6.3635 (prev. 6.3558)China's Commerce Ministry says supply chain for the trade industry has been affected by domestic COVID outbreaks, confident to keep FY trade operation within reasonable ranges.Singapore PM Lee announced to double group sizes to 10 and that wearing masks outdoors will now be optional, while they will lift most restrictions for fully vaccinated visitors entering Singapore and the Transport Minister said that all fully vaccinated travellers will be permitted to enter quarantine-free from April 1st.BoJ minutes from the January meeting noted that members said they will not hesitate to add easing if necessary and a member noted that easing was still needed as inflation expectations are not anchored yet.DATA RECAPJapanese Manufacturing PMI (Mar P) 53.2 (Prev. 52.7)Japanese Services PMI (Mar P) 48.7 (Prev. 44.2)Japanese Composite PMI (Mar P) 49.3 (Prev. 45.8)Australian Manufacturing PMI Flash (Mar) 57.3 (Prev. 57.0)Australian Services PMI Flash (Mar) 57.9 (Prev. 57.4)Australian Composite PMI Flash (Mar) 57.1 (Prev. 56.6)

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What's up with the Tesla CEO's cryptic tweet?; high-profile fugitive gets busted; and behind the Commerce Ministry's recommendations to stock up on daily necessities

China said it will take “necessary measures” to respond to the U.S. blacklisting of Chinese companies over their alleged role in abuses of Uyghur people and other Muslim ethnic minorities The Commerce Ministry said the U.S. move constituted an “unreasonable suppression of Chinese enterprises and a serious breach of international economic and trade rules.” China will “take necessary measures to firmly safeguard Chinese companies' legitimate rights and interests,” the ministry's statement said.

Episode Notes So... yesterday the Ministry of Commerce and the Zimbabwe Revenue Authority (ZIMRA) released a joint statement that extended the grace period for the ban on imports of second-hand cars that are 10 years or older till June 30th 2021. Now, this isn't too surprising because the reasons for the ban didn't make a lick of sense. Here's a quick one about how this move by ZIMRA and the Ministry of Industry and Commerce is all about the money and nothing else. And if things don't get better in terms of cash flow for ZIMRA and the govt, we might see the ban on second-hand cars 10 years or older being lifted sometime in the future. This podcast is powered by Pinecast.

China suspends a new financing instrument. Beijing starts providing home-grown Covid-19 vaccinations to foreign residents. China Mobile mulls an A-share listing. More about the country's economic transition. Plus, Alibaba asks its rival for help.

Here is a summary of major news events in West Punjab, over the past few days, as presented by our Lahore-based correspondent, Masood Mallhi on February 23, 2021.

China's Commerce Ministry has confirmed it has launched an anti-subsidy investigation into Australian wine exported in containers of 2 litres or less.

China's Commerce Ministry has confirmed it has launched an anti-subsidy investigation into Australian wine exported in containers of 2 litres or less.

Tiktok's sale of its U.S. operations could hit another roadblock after China's Commerce Ministry tightens its regulations on technology exports. Meanwhile, China’s official PMI points to a recovery spurred by demand with services in August growing at a higher rate than July. Chinese manufacturing activity continues to expand in August, but slightly under expectations. In Japan, Abe’s resignation does not deter Warren Buffett’s Berkshire Hathaway from buying stakes in Japan's five leading trading companies, sending shares higher. Asian stocks rise on the final day of trade for the month, after the Dow erases this year's losses and the S&P 500 looks set to have its best August in nearly 34 years. And Nestle makes an offer to buy food allergy prevention expert Aimmune for $2.6bn dollars, as the conglomerate looks to expand its health portfolio

• SXXP +50bps somewhat inline S&P futs.. And volumes -30bps still low as to be expected mid-August Friday This mixed session in Asia. Korea rebounding from Thursday's sell-off as China and Taiwan markets outperform on tech strength. • One focus on China's Commerce Ministry said that Beijing and Washington have agreed to hold a call soon to discuss the progress of their phase one trade agreement. HOWEVER Reuters reported Trump administration on Thursday declined to acknowledge any plans to meet with China over the Phase 1 trade deal so will be keeping an eye out for more headlines revolving this.. • From a virus standpoint there has been Headlines that Pfizer's vaccine is on track for a regulatory review as early as October helped spurred risk-on mood across asset classes • Futures sold off shortly after the open on disappointing French PMI data, bounce back as Germany: Manufacturing was stronger in August than July, but services dragged the composite lower. • key takeaway from the surveys is that employment continues to weigh on demand, with job losses in both Germany and France still notable. • France: August readings were weaker than July across the board, led by manufacturing, which contracted for the first time since May. • £ was better early as UK PMI 60.3 much compared to the euro area 51.6 however gains reversed watch Sterling vs. Euro...hardly a surprise but EU BARNIER SAYS AGREEMENT AT THIS STAGE WITH UK SEEMS UNLIKELY • In terms of Sectors.. another risk off lead session with the Banks Autos and Energy remaining unloved the only three sectors down on the day. Value basket underperforming again today -40bps. • Travel and Leisure +best part of 2% as GVC +4% after Jef analyst raising forecasts, so shout out if you want to see that note. ACOR +3%, IHG +2% lots of broker reit buy in these after yesterday M&A spec. • Client focus heavily on ADYEN -4% after placing $850m overnight so the stck is currently trading at around the placing price of 1365. Overnight Jeff reit buy in stock p/t 1495

In today’s episode: Chinese and U.S. trade negotiators will hold talks 'soon,' says Beijing, after rumored meeting is cancelled; Domestic chip makers see shares rise again; Japanese lawmaker ponders local buyout of TikTok, and Alibaba's second-quarter sales beat Wall Street expectations

How are you going to become a warrior in a garden? During this episode we consider the road to self-sufficiency. A part of that journey to being more independent is the ability to produce food when needed.  Our SWAT Fuel Warrior of the Week wants to talk about truck guns. Is an AR-style pistol a good truck gun? What exactly is a truck gun and from where did that phrase originate? We are happy to have this talk. What is happening in China and should you care? Are you looking for some unusual entertainment? Professor Paul attended an unusual event this last weekend and will tell you all about it. Thanks for being a part of SOTG! We hope you find value in the message we share. If you’ve got any questions, here are some options to contact us: Send an Email Send a Text Call Us Enjoy the show! And remember…You’re a Beginner Once, a Student For Life! TOPICS COVERED THIS EPISODE Jarrad has purchased his first house! Prof. Paul and the Queenpin went and saw Midget Wrestling Warrior of the Week Go to www.swatfuel.com and use Promo Code “SOTG” TOPIC: What are your views on truck guns? AR pistols? - Clayton Burkland Get a Free Bottle of 9mm+P | Question Post in The Liberty Mastermind Call 844-207-7684 Ask a clear and concise question If we choose your question…Email info@ with Name, Mailing Address, Phone Number, Email Huge thanks to our Partners:Brownells | Crossbreed | Duracoat | SWAT Fuel Floods and the coronavirus create more uncertainty for China as food prices climb www.cnbc.com What can you practically do to be more self-sufficient? VIDEOS https://youtu.be/AjT8UhDAVHI https://youtu.be/DVLStumDzOE FEATURING: CNBC, SWAT Fuel, Madison Rising, Jarrad Markel, Paul G. Markel, SOTG University PARTNERS: Brownells Inc, Crossbreed Holsters, SWAT Fuel, DuraCoat Firearm Finishes FIND US ON: United Gun Group, iHeart Radio, Apple TV, Roku, Amazon, iTunes, Stitcher Radio, Google Play, YouTube, Full 30, Instagram, Facebook, Twitter, Tumblr SOURCES From www.cnbc.com: Elevated food prices are just one of many new challenges China needs to face in the wake of the coronavirus outbreak. Food prices rose 11.1% in June from a year ago, according to the National Bureau of Statistics. Weekly data from the Ministry of Commerce showed prices of agricultural food products rose 1.2% in the week ended July 5 from a week ago. Prices rose another 0.8% in the week through Sunday, according to Commerce Ministry data released Tuesday. Authorities have been closely monitoring food prices as they are an important aspect of maintaining social stability. (Click Here for Full Article)

China's Commerce Ministry on Thursday said China will take necessary measures in responses to Britain's "discriminatory" ban on Huawei Technologies Co Ltd, which has severely damaged China's investment confidence in the country.Ministry spokesman Gao Feng during a weekly briefing said China is evaluating the UK actions that have betrayed free trade principles and will take necessary measures to resolutely defend Chinese firms' legal rights.China's foreign ministry said Britain has lost its independence on the matter of Huawei adding that the British government should make responsible decisions in line with its long-term interests.Gao urged Britain to correct its wrong behaviour and protect its good trade ties with China.Learn more about your ad choices. Visit megaphone.fm/adchoices

US markets rallied following news that fresh US-China trade talks had been scheduled for October, pushing the benchmark indices out of the range they have been trading in for much of the last month and to within striking distance of their record highs struck in June - Dow up +373-points or +1.41% The broader S&P500 gained +1.30%, with Information Technology (up +2.13%) the leading sector performer and pushing the index back up to within ~1.7% of its all time high. The technology-centric NASDAQ rallied +1.74%. China’s Commerce Ministry issued a statement saying that Liu He, Beijing’s top negotiator on trade, had spoken with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. The two sides agreed to hold another round of trade negotiations in Washington, D.C., towards the beginning of next month, and consultations will be made in mid-September in preparation for the meeting, the statement said. Ministry of Commerce spokesperson Gao Feng told a press briefing that the two delegations will strive to achieve "substantial progress" in October.

US markets rallied following news that fresh US-China trade talks had been scheduled for October, pushing the benchmark indices out of the range they have been trading in for much of the last month and to within striking distance of their record highs struck in June - Dow up +373-points or +1.41% The broader S&P500 gained +1.30%, with Information Technology (up +2.13%) the leading sector performer and pushing the index back up to within ~1.7% of its all time high. The technology-centric NASDAQ rallied +1.74%. China's Commerce Ministry issued a statement saying that Liu He, Beijing's top negotiator on trade, had spoken with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. The two sides agreed to hold another round of trade negotiations in Washington, D.C., towards the beginning of next month, and consultations will be made in mid-September in preparation for the meeting, the statement said. Ministry of Commerce spokesperson Gao Feng told a press briefing that the two delegations will strive to achieve "substantial progress" in October.

Voice from China: US President Donald Trump has raised the stakes in its trade war with China as the US increased tariffs to 25 per cent from 10 per cent on 200 billion US dollars’ worth of Chinese goods, which took effect from today. China’s Commerce Ministry has responded that it would take necessary countermeasures. Kaiyuan Capital’s Managing Director Brock Silvers shares what are China’s possible countermeasures and explains why tit-for-tat tariffs will not work. He also weighs in on the impact of the tariffs’ hike for both countries’ economic growth.

George Joseph: Palantir and the Police (Ep. 145) Palantir and the police have joined forces in Los Angeles to crunch the city's suspect database. George Joseph joined Joe Miller to discuss what this means for local communities and individuals who are disproportionately targeted by surveillance. Bio George Joseph (@GeorgeJoseph94) is criminal justice reporgter at The Appeal. Formerly, he was a reporting fellow at Demos focusing on surveillance, immigration, law enforcement, and the entry of big data in criminal justice systems. His work has appeared in outlets such as The Guardian, NPR, The Atlantic, The Nation, The Verge, Slate, and CityLab. Resources The Appeal The LAPD Has a New Surveillance Formula, Powered by Palantir by George Joseph   Trump nominates Kavanaugh to the Supreme Court President Trump has nominated Brett Kavanaugh to the Supreme Court. The Washington Post’s Ann Marimow reports that even though Kavanaugh clerked for the justice he would replace—Justice Anthony Kennedy—Kavanaugh’s ideology is far to the right of Kennedy’s, and he has a broad view when it comes to presidential authority. For example, in his 12 years as a judge on the DC Circuit Court of Appeals, Kavanaugh has supported military tribunals for terrorism suspects and restructuring the consumer financial protection bureau. As far as tech is concerned, Kavanaugh issued a dissent in the case that upheld the FCC’s 2015 net neutrality rules, arguing that Congress did not provide the FCC with clear statutory authority to issue the rules. Kavanaugh needs just 50 votes to be confirmed by the Senate. Trump’s trade war China’s Commerce Ministry on Friday accused Trump of using bullying tactics to launch “the biggest trade war in economic history”, after the White House began implementing a 25% tariff against Chinese goods, which will cost China an estimated $34 billion, according to CNN. China retaliated with another $34 billion worth of tariffs against American produce. The tech sector decries Trump’s tariffs, with ITI’s Josh Kallmer saying they would harm American consumers and businesses. Trump may have another $16 billion worth of tariffs coming against China later this month. Facebook faces more scrutiny As if the scrutiny of Facebook couldn’t get any worse, the FBI, Securities and Exchange Commission, and Federal Trade Commission will now join the wide-ranging investigation into how it and Cambridge Analytica shared the data of 71 million Americans in 2015. The investigation is trying, among other things, to understand more about why Facebook failed to disclose its data-sharing practices. It was also reported last week that Facebook suffered another mishap in late May and early June in which a bug caused it to temporarily unblock accounts that some 800,000 users had previously blocked. The company also came under fire for deleting a post containing references to “Indian savages”—it turns out the post was an excerpt from the Declaration of Independence—so Facebook apologized for that as well.  Meanwhile, Mark Zuckerberg has surpassed Warren Buffet for the third spot on the list of the world’s richest people. Zuck is work $81.6 billion—behind Jeff Bezos and Bill Gates. Inspector General: DC Metro susceptible to cyberattack The DC Metro is susceptible to cyberattack, according to a leaked Inspector General’s report that was presented to Metro’s board of directors last month. The report cites vulnerabilities that threaten Metro’s rail traffic control systems, gas and fire sensors, the power grid, station ventilation, an voice and data communications. Martine Powers reports in the Washington Post. Report: Amazon still selling Nazi paraphernalia Amazon is still selling Nazi paraphernalia, according to a new report by the Partnership for Working Families and the Action Center on Race & the Economy. The report listed a swastika pendant, cross burning baby onesie for girls, stickers and decals, and even music among the products. Amazon had promised last year to stop selling items featuring the Confederate flag but the company was found to have kept a lot of those products active. Twitter deleted 70 million accounts in May and June Finally, Twitter deleted 70 million fake accounts and bots in May and June this year, according to the Washington Post. This would significantly reduce Twitter’s user base, but lately the social media company has been increasing its usership, which has led to more investment in the company. The Washington Post reports that Twitter has been deleting accounts at the same rate in July.